1. GDP Growth Projections
The global economy in 29024 is expected to slow even further. The latest data puts GDP growth at 2.7% next year - a downward of 0.2 percentage points based on Q4 2023 forecasts.
2. Inflation Forecasts
In 2024, global inflation moderates to 4.9% as high interest rates and tighter credit conditions affect economic activity and reduce inflationary demand pressures.
Inflation will decline faster in advanced economies compared to emerging countries next year.
3. Top Risks and Scenarios Heading into 2024
- Geopolitical tensions
- Challenges in China
- Tight monetary policy
- Persistent core inflation
Source: Euromonitor International
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