Global economy set for slow growth and high uncertainty in 2024
NEW YORK, Jan. 31, 2024 /PRNewswire/ -- A new annual economic outlook report, released today by ACCA (the Association of Chartered Certified Accountants), looks at the prospects and major risks for the global economy and key countries. The report, '2024 Global Economic Outlook: Slow Growth, High Uncertainty,' sets out the key events to watch in a year packed with elections; examines three trends to watch closely; and interviews chief financial officers from across the globe.
- The report, ' 2024 Global Economic Outlook: Slow Growth, High Uncertainty ,' sets out the key events to watch in a year packed with elections; examines three trends to watch closely; and interviews chief financial officers from across the globe.
- Jonathan Ashworth, Chief Economist at ACCA and author of the report, said: 'The global economy looks set to grow slowly once again in 2024, and the risks are skewed to the downside.
- The lagged impact of past monetary tightening could lead to an even more pronounced slowing in growth, and geopolitical risks remain very heightened.
- Meanwhile, caution was the watch word from CFOs given the challenging global economic backdrop and the geopolitical developments and elections in many countries.