The Uncertain Path of the Global Economy in 2024: What to Watch The global economy in 2024 will be shaped by US interest rates, oil prices, and China’s economic performance. Despite a more resilient global economy in 2023 than expected, with inflation falling without significant unemployment increases, challenges remain. The OECD forecasts a slowdown in global output in 2024 due to high interest rates curbing inflation and economic activity, predicting a global GDP growth of 2.7%, slightly lower than 2023’s 2.9%. Growth is not expected to rise until 2025. The outlook reflects the long-term impacts of COVID-19 and the Ukraine conflict on energy prices. While economic predictions can be uncertain, key factors to watch include the interrelation of major macroeconomic variables like interest rates, oil prices, and China’s economy. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Prices Waver as Markets Await Inflation and Fed Signals READ MORE Canadian Futures Dip as Oil Slumps and BoC Decision Looms READ MORE Gold Price Trades With a Positive Bias for the Sixth Straight Day READ MORE Economic Recession and Yen Depreciation Push Japan Behind Germany READ MORE China's Middle Class and Youth Turn to Gold as Traditional Markets Lose Shine READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment