World Economic Trends and End Goal Overview:v1
- J.P. Morgan Economic Outlook (Source: J.P. Morgan)
- Trends: Predicts a deceleration in economic growth in 2024 due to the effects of monetary policy and fading post-pandemic tailwinds. Forecasts a below-trend 0.7% pace of real GDP expansion, with consumer spending expected to rise at a more muted pace. Anticipates a soft landing scenario with various components of GDP showing mixed performance.
- End Goal: The end goal is to navigate through the economic challenges, including moderating inflation, potential policy rate adjustments by the FOMC, and maintaining positive consumer spending growth amidst changing fiscal dynamics.
- OECD Economic Outlook (Source: OECD)
- Trends: Global growth remained resilient in 2023 but is expected to moderate in 2024. Inflation is projected to decline towards target levels by the end of 2025. Geopolitical risks, such as conflicts in the Middle East, pose challenges. Governments are urged to focus on sustainable fiscal plans and investments in areas like human capital.
- End Goal: The end goal is to sustain moderate global growth, address inflation concerns, manage geopolitical risks, and promote sustainable economic development through strategic investments and fiscal planning.
- World Bank Global Economic Prospects (Source: CNBC)
- Trends: Forecasts a slowdown in global growth for the third consecutive year in 2024, with developing economies being hit hardest. Warns of geopolitical tensions impacting energy markets and inflation rates. Calls for urgent action to increase investment, strengthen institutions, and mitigate potential economic slowdowns.
- End Goal: The end goal is to address the challenges posed by slowing global growth, geopolitical uncertainties, and debt levels by implementing comprehensive policy packages that support sustainable growth and development.
- IMF World Economic Outlook (Source: IMF)
- Trends: Projects global growth to remain at 3.1% in 2024 before rising slightly in 2025. Notes the impact of elevated central bank rates on economic activity and inflation rates falling faster than expected in most regions.
- End Goal: The end goal is to manage inflation levels, sustain economic growth, address banking sector stress, and navigate through potential risks posed by monetary policy adjustments and geopolitical uncertainties.
- Harvard Business Review Global Economy Expectations (Source: Harvard Business Review)
- Trends: Reflects on the global economy ending 2023 on a positive note with falling inflation rates worldwide and signals of potential interest rate cuts in 2024.
- End Goal: The end goal is to maintain economic stability, manage interest rate adjustments effectively, and navigate through potential risks while sustaining positive economic indicators.
These viewpoints collectively aim to provide insights into global economic trends, challenges, and strategies for achieving sustainable economic growth amidst evolving geopolitical landscapes and monetary policy adjustments.
