Economist Intelligence: EIU’s Post

GDP growth across much of the emerging world will fall short of consensus expectations this year, though Asia will fare better than other EM regions and India will continue to be a particular bright spot. Download this guide to the key takeaways from our Global Economic Outlook to find out what lies ahead for the global economy – from US exceptionalism to another Chinese slowdown to the return of Donald Trump. Get the free report now. https://lnkd.in/ekaQfK73

IMF July World Economic Outlook: Key Takeaway 🇺🇸 While the USA is still leading the way among advanced economies when it comes to growth, businesses will be preparing for tighter economic conditions and election uncertainty. It is an opportunity to explore markets in other advanced economies, particularly in Europe 🇪🇺, while also preparing for potential challenges in the states 🇺🇸. 📉Due to a slower than expected start to the year, the USA's 🇺🇸 growth forecasts have been reduced to 2.6% in 2024 with a further projected slowdown to 1.9% in 2025. This is due to labour market cooling and abating household consumption, with fiscal policy starting to tighten. 📈Driven by a stronger services and net exports, European 🇪🇺 growth is expected to increase to 0.9% in 2024 and is expected to hit 1.5% in 2025 due to higher consumption and investment.

Near-term world growth prospects have improved and Fitch Ratings has raised its 2024 global GDP growth forecast by 0.3pp to 2.4% in its latest Global Economic Outlook (GEO) published today. This reflects a sharp upward revision to the US growth forecast to 2.1%, from 1.2% in the December 2023 GEO. The revision to the US […]

Global economic outlook: our latest quarterly update sees China and India’s forecast upgraded, US services extend its boom, sticky inflation tempering rate cut expectations and a delayed pivot to investment and industry. Find out more: https://okt.to/0tLJKY

The latest estimates from the International Monetary Fund (IMF) indicate that globally, economic growth is expected to slow to the end of 2024. Representing a slightly more optimistic view than that offered in April - plus 0.2 points for 2023 - the IMF expects global real GDP to grow by 3.0 percent in both 2023 and 2024 after an estimated increase of 3.5 percent in 2022. Looking at the picture regionally, the highest growth rates are forecast for emerging and developing Asia, where output is expected to go up by 5.3 percent and 5.0 percent in 2023 and 2024, respectively. The United States, on the other hand, is projected to see faster declining growth over this period, going from 2.1 percent in 2022 to just 1.0 percent in 2024 - a pattern mirrored in advanced economies generally, where the rate is expected to go from 2.7 percent in 2022, down to 1.4 percent in 2024.

Global economic outlook: our latest quarterly update sees China and India’s forecast upgraded, US services extend its boom, sticky inflation tempering rate cut expectations and a delayed pivot to investment and industry. Find out more: https://okt.to/zYVy7E

Global economic outlook: our latest quarterly update sees China and India’s forecast upgraded, US services extend its boom, sticky inflation tempering rate cut expectations and a delayed pivot to investment and industry. Find out more: https://okt.to/OdYAmZ

Near-term world growth prospects have improved and Fitch Ratings has raised its 2024 global GDP growth forecast by 0.3pp to 2.4% in its latest Global Economic Outlook (GEO) published today. This reflects a sharp upward revision to the US growth forecast to 2.1%, from 1.2% in the December 2023 GEO. The revision to the US […]

Near-term world growth prospects have improved and Fitch Ratings has raised its 2024 global GDP growth forecast by 0.3pp to 2.4% in its latest Global Economic Outlook (GEO) published today. This reflects a sharp upward revision to the US growth forecast to 2.1%, from 1.2% in the December 2023 GEO. The revision to the US […]