As we hit mid-2024, the global economy shows resilience, with easing inflation, strong labour markets and improved private sector confidence. However, high costs and elevated interest rates constrain growth. This video explores two pivotal themes for the second half of 2024, Disinflation and Divergence. Global inflation is expected to ease gradually, nearing the 2% target in advanced economies. Economic divergence becomes evident with Europe seeing softer outcomes and the US, along with certain Asian emerging markets, outperforming.
Delve deeper in our report outlining our latest projections for real GDP growth and inflation to support your strategic planning.