Experts Cautious on Global Economic Outlook Despite Some Positive Signs
• Economists optimistic about soft global economic landing in 2024, citing better-than-expected US growth or potential AI productivity boost
• Author skeptical of official 5.2% Chinese growth figure, sees property collapse and deflation risk
• Europe facing economic headwinds from Ukraine war, protectionist US policies, and possible turbulence if Trump returns
• US deficit set to balloon regardless of which party controls Congress; rising rates could force painful fiscal tightening
• Recent trends undermine widespread optimism; with multiple crises brewing, global economy unlikely to escape turbulence