What's the global economic outlook for 2025? And how will current projections impact consumer spending power or business opportunities? Find those answers in our upcoming webinar. Register now.
In the last quarter of 2024, the global economy continues to see steady growth, as inflation has moderated, private consumption has been sustained and monetary policy has started to ease in key markets. Nevertheless, short- and medium-term growth prospects are challenged by rising geopolitical risks and growing policy uncertainty.
The global labour markets are rapidly evolving, influenced by demographic shifts, tech advancements and changing workforce expectations. Having a direct impact on costs, productivity and competitiveness, these changes highlight the urgency for businesses to adjust strategies and embrace these transformative trends.
Global urbanisation is set to maintain momentum over the next decade, with cities in emerging Asia driving urban population and economic growth. A rapidly expanding middle class and rising consumer aspirations for improved lifestyles present lucrative opportunities for businesses to capitalise on. To thrive in these dynamic markets, companies must prioritise understanding shifting demands and tailor their products and services to effectively meet the needs of a diverse consumer base.
The US ports strike impacts international shipments and may have significant effects on the US economy. Prolonged disruptions risk causing significant shipment and supply delays for US manufacturers and increase logistics costs. Retailers and consumers, meanwhile, face potential supply disruptions during the busy shopping season, which could cause higher inflationary effects in Q4 2024.
The US is approaching a presidential election in November 2024. The outcome of the election will shape the country’s future fiscal, monetary and trade policies, which will in turn influence the growth trajectory of the world’s largest economy, while having spillover effects globally.