Economy

Strategists give cautious predictions for 2024

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A security guard at the New York Stock Exchange (NYSE) in New York, US, on Tuesday, March 28, 2023.

Victor J. Blue | Bloomberg | Getty Images

With central banks having hiked interest rates at breakneck speed and those rates likely to stay higher for longer while the lagged effects set in, the macroeconomic outlook for 2024 is far from clear.

The International Monetary Fund baseline forecast is for it to slow from 3.5% in 2022 to 3% in 2023 and 2.9% in 2024, well below the historical average of 3.8% between 2000 and 2019, led by a marked slowdown in advanced economies.

The Washington-based institution sees U.S. GDP growth, which has remained surprisingly resilient in the face of over 500…



Source cnbc.com

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