Insight
Global economic outlook Q1 2024: maintaining momentum
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The global economy surprised to the upside in 2023. After a soft start to 2024, we forecast the global economy to grow at a decent clip again this year. To maintain momentum, it is imperative to accelerate investment as consumption growth moderates in major economies. With inflation retreating and interest rate easing imminent, the global economy is on course for a soft landing. However, the risk of supply shocks and policy errors linger – the emergence of either could derail global economic growth.
Table of contents
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Executive summary
- Global economy: maintaining momentum
- Measured rate cuts
- US: the softest of soft landings
- China: structural slowdown resumes
- India: stellar growth will continue
- Europe: sick man of the global economy
- Long-term outlook
- Risks
Tables and charts
This report includes the following images and tables:
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Global GDP and IP outlookInflation in major economiesInterest rates and forward market
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US real wage growthUS household savingsChina's economic scarringIndia's capex boomReal wagesHousehold savings comparisonGlobal GDP levelGlobal GDP growth rates
What's included
This report contains:
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