Posted 1/2/2024, 2:17:00 PM
2024 Economic Outlook: Cooling Inflation and AI's Rise, But Also Debt Risks and Geopolitical Tensions
- Central banks starting to cut interest rates as inflation falls and growth slows
- A potential developing-country debt crisis, with many poor nations struggling with high debts
- Governments launching pre-election tax cuts to garner voter support, notably in the UK
- Worsening US-China relations as the two superpowers drift further into a cold war
- The unstoppable rise of generative AI transforming economies but also posing regulatory challenges