For 2024 we expect lower growth, lower inflation and limited interest rate easing. We expect global GDP growth will reach 2.8%, down from an expected 3.0% in 2023 but anticipate acceleration in 2025. 2024 will be significant politically with the US Presidential Election likely to be most consequential globally.
What should investors expect in 2024?
Two questions are likely to be on investors’ minds as we enter 2024 – can bonds shake off their losing streak and can equities maintain their momentum? We believe they both can. However, the prospect of better performance for bonds relative to equities is greater than in recent years. We look at what 2024 could mean for investors.