Weaker annual real GDP growth rates are forecast across the largest regions in 2024 compared to 2023, according to a S&P Global Market Intelligence report.
The newly published Top-10 Economic Predictions for 2024 forecasts global real GDP will expand at 2.3 percent in 2024, down from an estimated 2.7 percent in 2023, with relative strength in some regions, including Asia Pacific, helping avert a global hard landing.
“The downward trend in inflation, which had stalled in mid-2023, has resumed and is expected to continue through 2024, consistent with rebalancing supply and demand,” said Ken Wattret, global economist, S&P Global Market Intelligence.
As confidence builds that consumer price inflation rates will return to target, central bank policy rate cuts are forecast across advanced economies duri