Global economic outlook Q1 2024: maintaining momentum

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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

    • 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 11 images and tables including:

  • Global GDP and IP outlook
  • Inflation in major economies
  • Interest rates and forward market
  • US real wage growth
  • US household savings
  • China's economic scarring
  • India's capex boom
  • Real wages
  • Household savings comparison
  • Global GDP level
  • Global GDP growth rates

What's included

This report contains:

  • Document

    Global economic outlook Q1 2024: maintaining momentum

    PDF 1.15 MB