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OECD & J.P. Morgan Predict Modest Growth and Shifting Landscapes in 2024

Buckle up, 2024 promises a ride through an economic landscape where growth takes a pit stop and the scenery shifts unexpectedly. While headlines might scream "slowdown," a closer look at the forecasts from the OECD and J.P. Morgan reveals a year full of twists and turns, ripe for both caution and opportunity. Let's navigate the road ahead:

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1 min read

Last Updated: May 30, 2024

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Table of contents

Growth Takes a Breather:

Inflation Cools but Keeps an Eye on the Dashboard:

Central Banks Tap the Brakes:

Investment Strategies Reshuffled:

Beyond the Numbers: Key Trends to Watch:

Navigating the Slower Lane:

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Growth Takes a Breather:



  • Global GDP is expected to ease from 2.9% in 2023 to 2.7% in 2024. Think of it as a gear shift before hitting the accelerator again.
  • Asia remains the growth champion, but even regional leaders like the US and Europe are slowing down, experiencing a temporary dip before regaining momentum later in the year.



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Inflation Cools but Keeps an Eye on the Dashboard:



  • Consumer prices are finally turning downward, heading towards central bank targets in most economies.
  • Geopolitical tensions and ongoing supply chain disruptions could cause this de-escalation, so keep an eye on the rearview mirror.




Central Banks Tap the Brakes:

  • The era of ultra-low interest rates has officially come to an end. To combat inflation, central banks are putting the brakes on it.
  • Don't fret; rate cuts are anticipated in the second half of 2024, but the pace will be more measured than past rollercoasters.



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Investment Strategies Reshuffled:



  • With higher interest rates, fixed-income assets are regaining popularity, potentially posing a challenge to classic stock-heavy portfolios.
  • Time to rethink your strategy! Consider your risk tolerance and financial goals carefully, and adjust your investments accordingly.






  • Government incentives and business sector enthusiasm drive artificial intelligence into the fast lane. Prepare yourself for a wild ride!
  • Geopolitical uncertainties remain wild, like a sudden pothole on the road. Stay vigilant and adapt your plans accordingly.
  • The green revolution continues to gain momentum. Look for opportunities to invest in sustainability and responsible companies.




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  • Businesses must prioritize operational efficiency and agility to deal with the economic twists and turns.
  • Individuals should review their financial plans and investment strategies in light of the new interest rate environment.
  • International collaboration is crucial to address global challenges like climate change and trade disruptions.



2024 might not be a high-speed race, but it's definitely a marathon of opportunities. By understanding the economic shifts and making informed decisions, individuals and businesses can not only survive but thrive in this dynamic and evolving landscape. Remember that information is your fuel, and with an accurate map and a careful attitude, you can effectively navigate the slower lane of 2024.


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