Europe Faces Slower Growth Outlook Amid High Inflation and Global Uncertainties
• Europe could see slower economic growth than 2.2% global estimate due to high inflation, high unemployment, and low consumer sentiment • Accounting firm KPMG predicts slower growth in Europe compared to other major economies like the US • Cautious optimism globally among businesses due to 70 elections happening in 2024 • While geopolitical uncertainties persist, oil prices unlikely to spike drastically • Top investment sectors AI, ESG, talent retention as more CEOs want employees back in the workplace