Economic Data Defies Gloomy Forecasts, Pointing to Possible Growth Acceleration in 2024

Global economy may be revving up in 2024, defying consensus expectations of a downturn. U.S. and China showing economic momentum.

U.S. retail sales strong in September. Labor market still hot. Atlanta Fed forecasts 5.4% GDP growth in Q3.

China Q3 GDP grew 4.9%, beating expectations. But doubts over data reliability remain.

Investor sentiment still gloomy. But upbeat data shifts calculations if growth holds up.

U.S. stocks expensive but can withstand higher rates if no recession. Chinese stocks cheap but outlook improves with growth.