In this week’s video, we explore the robust dynamics of global growth in 2024, highlighting key economic indicators and opportunities for investors.
Key insights:
- The Atlanta Fed’s GDPNow model forecasts a 2.1% real GDP growth for the U.S. in Q1 2024, with consumer spending contributing approximately 1.3%.
- The U.S. economy’s strength acts as a global shield against recession, prompting gradual increases in 2024 GDP growth forecasts.
- The Citi Euro-Zone Economic Surprise Index reached its highest level in about a year, signaling stronger-than-expected economic performance in Europe.
- Positive economic trends are also emerging across Developed and Emerging Markets, yet growth forecasts for these regions remain conservatively unchanged.
- Despite modest initial projections, improving international economic data suggests the potential for upward revisions in global growth forecasts.
- The IMF adjusted its 2024 global growth prediction to 3.1% in January, mainly due to U.S. economic resilience, while expecting the Euro Area to grow by only 0.9%.
- International stocks have risen by approximately 3.5% year-to-date, with prospects for further gains supported by improved economic fundamentals and anticipated growth forecast adjustments.
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