WEF – Chief Economists Outlook, Sep 2024

The Chief Economists Outlook, September 2024 by {authors} is a quarterly briefing that summarizes the current economic environment and identifies priorities for policy-makers and business leaders in response to global economic shocks. The survey conducted in August 2024 shows that while there is cautious optimism due to easing inflation rates and looser monetary policy, there are still many vulnerabilities in the global economy. The US presidential election is a major source of uncertainty, with most chief economists agreeing that the result will impact economic policy globally. Regional outlooks vary, with South Asia showing strong growth while Europe and China face challenges. Public debt burdens are seen as a threat to macroeconomic stability, and countries may struggle to prepare for structural changes such as the energy transition and demographic shifts. Policy-makers face the challenge of driving economic growth while addressing other goals like environmental sustainability and social inclusion. Two-thirds of chief economists believe that economic growth should be prioritized, but progress on other goals should not be neglected even if it slows growth.