ING Global Outlook 2024: No magic spell for a brighter world

2024 is set to be a year where we'll be looking harder for the positives, but we're hopeful that the second half could bring some magic into the global economy. Even then, various conjuring tricks, whether they be from central banks, governments or something or someone unexpected, are unlikely to produce a grand, crowd-pleasing 'ta-da'

In this bundle

No magic spell for a brighter world

Carsten's take on what 2024 holds for the global economy

Rates

At a glance: The world right now

A snapshot of the latest developments in the global economy

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Commodities, Food & Agri

Energy

United Kingdom

United States

Three scenarios for the major economies

Our alternative scenarios for the global economy and energy prices in 2024

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United Kingdom

United States

Our view on central banks in 2024

Why the major central banks are likely to start cutting from the second quarter of next year

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United States

Three calls for the US

Growth should be weaker than the market expects while inflation could hit 2% sooner and stay there, allowing the Federal Reserve to cut rates more aggressively

Three calls for the eurozone

Economic stagnation, uneven fiscal policy, and ECB rate cuts could be defining features of 2024

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United Kingdom

Three calls for the UK

UK inflation should be nudging 2% by May and that should help unlock rate cuts next summer

China

Three calls for China

Tackling historical excesses will take time and cost some near-term growth

Three calls for the eurozone's big three

France

Germany

Italy

Three calls for the eurozone’s big three

Our calls for the eurozone's big three in 2024

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Three calls for Central and Eastern Europe

Central banks in the region should continue the cutting cycle but each in its own way. Inflation is back to single digits but a return to the central…