Analysts anticipate a further slowdown in the global economy in 2024, signaling a pivotal year for economic dynamics. Despite challenges, prospects suggest a soft landing with easing headwinds. Geopolitical tensions, the health of US and Chinese economies, oil price volatility, widening growth divergence, high global debt are key determinants. The IMF projects 2.9% global GDP growth in 2024, World Bank estimates 2.4%, and OECD forecasts 2.7%. Attention turns to inflation, interest rates, and potential rate cuts by the US Federal Reserve in 2024.
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10 sats \ 1 reply \ @TNStacker 28 Dec 2023
That about sums it up. I would definitely highlight geopolitical risk as all conflicts appear to be expanding and intensifying.
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10 sats \ 0 replies \ @GhostofTruth OP 28 Dec 2023
Yes, at first it's a nice boost for the military and energy complex. But the 2nd order effect will be paying back the debt via inflation which will hit the consumer.
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