Global Economic Growth: The IMF projects global growth to slow from 3.5% in 2022 to 3.0% in 2024, reflecting persistent challenges and regional divergences (IMF).
U.S. Economic Outlook: The U.S. economy is expected to experience a soft landing in 2024 with GDP growth slowing to 0.7%, influenced by higher interest rates and decreased consumer spending (J.P. Morgan | Official Website).
India’s Economic Performance: India’s economy shows resilience with expected growth rates between 7.6% and 7.8% for fiscal 2024, supported by strong domestic demand and industrial production (Deloitte United States).
Potential U.S. Financial Crisis: Concerns are growing about a potential financial crisis in the U.S., with projections that its economic size might fall behind China and India by the end of 2024 (ThinkAdvisor).
Philippines Economic Prospects: The Philippines continues to face high inflation and challenges in the healthcare sector, though the overall economic growth remains stable with a projected 4% increase in 2024 (McKinsey & Company).
Geopolitical Tensions: Ongoing conflicts in Eastern Europe and the Middle East are major risks to global economic stability, potentially impacting oil prices and investment (Brookings).
China’s Economic Slowdown: China’s economic growth is projected to be at its slowest pace since 1990, outside of the COVID-19 period, which could negatively affect global trade and commodity demand (Brookings).
Monetary Policy Adjustments: The U.S. Federal Reserve is likely to keep rates steady until mid-2024, with potential rate cuts starting in June if inflation continues to moderate (J.P. Morgan | Official Website).
Consumer Spending in the U.S.: U.S. consumer spending is expected to slow due to diminished savings, low wage gains, and the restart of student loan payments (J.P. Morgan | Official Website).
Healthcare Industry Strains: The global healthcare sector is expected to grow at a slower pace, with rising costs and workforce shortages impacting the quality and accessibility of care (McKinsey & Company).