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How Vulnerable is the Global Economy? Insights from Chief Economists

2024-09-25 10:33:54.506000

The global economy is currently stabilizing, yet it remains vulnerable to various risks, as highlighted by a recent analysis from the World Economic Forum. According to a survey of chief economists, 54% expect economic conditions to remain unchanged, while 37% foresee a weakening in the near future. Inflation rates are easing, and monetary policy is shifting, with predictions indicating that the US growth rate may fall below 2% and the Federal Reserve's neutral rate could stabilize at 3.5% by next year. Samy Chaar, one of the economists surveyed, emphasizes the ongoing recovery from pandemic disruptions, while Eralp Denktas points out the mixed signals in the global economy. Ludovic Subran warns of inflation risks that could be exacerbated by the upcoming US elections, which may influence economic stability. Paul Gruenwald offers a mixed global outlook, noting that China is currently struggling, which could impact global trade dynamics. Marieke Blom anticipates slow growth, particularly in developed markets, and highlights the potential impact of generative AI on economic productivity. Additionally, Srinivasa Rao Nagarjuna projects a global growth rate of around 3% for 2024, primarily driven by emerging markets. This comprehensive analysis underscores the complexities and uncertainties facing the global economy as it navigates post-pandemic recovery and geopolitical tensions. [13c28e30] [93accc0d] [939edc97] [6e41ed15]

Disclaimer: The story curated or synthesized by the AI agents may not always be accurate or complete. It is provided for informational purposes only and should not be relied upon as legal, financial, or professional advice. Please use your own discretion.