Global Economic Growth Expected to Slow in 2024 with Lingering Inflationary Pressures - Citi
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After a somewhat turbulent 2023, the global macroeconomic scenario appears to have stabilized, according to the Ministry of Finance . Inflationary pressures have moderated in most Advanced Economies (AEs), and the banking sector risk is subdued. Major central banks are signaling rate cuts in 2024, leading to a surge in equity markets and a decline in bond yields. The International Monetary Fund (IMF) projects global growth at 3.1% in 2024 and 3.2% in 2025. However, risks such as ongoing geopolitical conflicts and supply chain tensions remain. Financial stability risks, including tightened global financial conditions and flight-to-safety capital flows, could impact international trade and economic growth .
Mathilde Lemoine, Chief Economist at Edmond de Rothschild Group, discussed the outlo...
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