State Street – Global Market Outlook, 2024

The Global Market Outlook for 2024, according to State Street, states that global markets faced unexpected challenges in 2023, such as high inflation, limited growth, a sudden banking crisis, and the strongest monetary policy tightening in many years. For the year ahead, uncertainty is expected to persist, with below-average growth predicted across the global economies. Although a soft landing is a possibility, where growth slows down but does not collapse entirely, the effects of the tightened monetary policies are still being felt. Additionally, there are increasing geopolitical tensions and ongoing macroeconomic difficulties that will continue to test economies. Consequently, 2024 is likely to be a year of change and fluctuation, with various factors creating pressure on the global recovery path.