What lies ahead for the global economy in 2024? | Counting the Cost

A global recession was widely predicted in 2023, but major economies held firm, raising interest rates to control inflation.

The United States' economy expanded by 5.2 percent in the third quarter, the quickest pace in nearly two years.

Food and fuel prices have come down. But inflation and high interest rates remain a major issue in many parts of the world.

Meanwhile, China is grappling with deflation as prices continue to fall. How will slowing growth and demand there affect the rest of the world?

We look at what lies ahead for the global economy in 2024.


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[quickcinemarecap]

00:06 Global economy outlook for 2024 with focus on trade, debt, inflation, and interest rates
02:32 Global economy in 2024 faces uncertainties due to US-China trade tensions and geopolitical conflicts
05:00 Fiscal stimulus in the US and China for infrastructure development and technology sectors
07:19 India emerging as a counterweight to China
09:26 Germany's manufacturing industry faces challenges due to the lack of cheap energy supply from Russia.
11:41 The Chinese real estate crisis and its impact on the global economy
14:02 Saudi and UAE focusing on infrastructure investment and diversification
16:30 China's expanding technological partnerships with Middle Eastern states
18:34 Global oil demand being weighed down by growing property sector and economic woes
20:31 Lower oil prices will benefit countries facing debt issues and boost global demand.
22:41 Shipping costs impacted by Red Sea attacks
24:35 Show ending with contact information

You Can't Judge A Video By Its Cover. you can by its first few chapters and certainly by its last.

[angelacahill]

Food prices have NOT come down in the US, it continues to rise by leaps and bounds.

[AdamSmith-onej]

Things take longer to happen than overnight. At some stage the rate rises will catch up with the economy and we will get the recession. Rate cuts in 24 will lead to job losses as demand slows. I still think we may have 12 to 18 months before it hits the fan.

[uleidswaleh]

How to fix an economy when the output is too low, unemployment and inflation very high

[Jkl]

Ahmed is more a geopolitics guy than an economy guy.. Good comments from all there.

[linniemariegonzalez]

Beautiful introductory graphics 👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻

[Lululemon]

The Chinese government doesn’t want real estate prices to peak again, it wants to re prioritize development into green tech and automation.

[detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is still following this very informative content cheers Frank 😊

[rickertcoles]

Personally, I think investors will start to seek more market diversification. can i confidently invest about $3m into the financial markets in 2024? I'm still not sure how rates will effect the market just yet, which worries me a lot.

[pavelsmith]

Under the GTA. Oil Unification (by itself) takes almost twenty years before completion.

[Silks-]

I notice COP28 is having absolutely no influence on oil production. Who’d have thought? lol

[doc]

increase the use of AI and robotics to do all the labour, commence a UBI and then slowly do away with the need for money altogether. A Star Trek future, yeh! only the rich and powerful would think this is a bad idea.

[anonymousanonymous]

Guests commentators were very good for a change. Lady was the most insightful, knowledgeable & nuanced 👏🏾. Free Palestine 🇵🇸.

[crfcoro]

A collapse of the property market will have major impact 2024

[SuperCoolBoymg]

it's so funny to me when they think that the covid stimulus lasted any considerable amount. Stop pointing to it. It was a drop on the bucket. The reason the US economy grew is because 1. we export inflation, and 2. we are forced to. Most Americans live paycheck to paycheck - It's do or die, we must make payments, we must work hard enough to do so

[norikadolmy]

The outlook for the economy in 2024 is weak but hopefully not too bad

[sandponics]

My prediction for 2024 is 50 degree Centigrade summers, first in the global south in January and February, followed by the global north in June and July.

[bluefoxblitz]

😊 I had no idea about the issues in Israel etc and what antisemitism was, or where it originated etc. I found an article by you and want to say thanks for the professional explanation with a broader more sophisticated lense. Three cheers for your true journalistic approach free from mainstream agendas. Awesome ❤❤

[FadimeSelim-mjcc]

Bro, i think 4ra’s new ads show their commitment to quality. 🌟 love seeing their dedication.

[bhavtosh]

Low interest rates regime
is the main reason for
debt.Lending should not be
easy.