Posted 1/19/2024, 8:00:00 AM
Global Growth Moderates But Dodges Recession in 2024 Amid Inflation Relief and Policy Pivot
- Sub-trend global growth but no recession anticipated in 2024, with moderate GDP growth around 2.8% globally
- Need for businesses to be agile amidst dueling economic headwinds and tailwinds
- Ongoing global disinflation expected as supply constraints ease and demand moderates
- Central banks likely to cautiously pivot away from tightening stance as inflation eases
- Fiscal consolidation and geopolitical tensions to constrain trade flows