  India’s Budget Announcement India’s 2024 Union Budget is set to be presented on July 22, 2024. The Economic Survey is scheduled for release on July 3, 2024, marking the new government’s first comprehensive budget following an interim budget in February​ (mint)​.

  Global Economic Outlook According to the International Monetary Fund (IMF), global economic growth is projected at 3.1% for 2024. This forecast is slightly higher than previous estimates due to resilient performance in the United States and major emerging markets. The IMF also notes that moderating inflation and steady growth reduce the likelihood of a hard economic landing​ (IMF)​.

  U.S. Economic Projections J.P. Morgan forecasts a deceleration in the U.S. economy with a growth rate of 0.7% in 2024. Consumer spending is expected to slow but remain positive. The Federal Reserve is anticipated to hold interest rates at the current level (5.25%-5.5%) until mid-2024, before gradually reducing rates​ (J.P. Morgan | Official Website)​.

  Philippines Economic Growth The Philippines is projected to grow between 3.2% and 3.6% in 2024. The healthcare sector is expected to grow by 2.8%, while the retail and wholesale trade sectors are forecasted to maintain stable growth at 4% and 5%, respectively. Digital healthcare and online shopping are identified as significant growth drivers​ (McKinsey & Company)​.