Looking through the uncertainties of 2024
In the current environment, fixed-income assets look more interesting than equities, especially investment-grade bonds
Add BT as a preferred source
WE ARE calling 2024 the year of the funambulist or tightrope walker, as we see economies walking a fine line to avoid a severe recession.
A substantial slowdown in global growth is likely, with global gross domestic product growth declining from 3 per cent in 2023 to 2.8 per cent in 2024. The United States will likely have a mild recession in the first half, while Europe can avoid a severe recession and recover in H2.
Advanced economies are mostly responsible for the weak momentum of world economic growth, while emerging markets should remain more resilient, with Asia ex-Japan likely to be the main contributor.
TRENDING NOW
Can ST Engineering aspire to challenge DBS to be king of the local bourse?
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
The returnees: Inside China’s AI talent reversal
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
