Overview

Despite the global economy outperforming expectations and avoiding a recession in 2023, a growth slowdown is expected in 2024 as tight monetary conditions, diminishing consumer confidence, weak trade prospects, and subdued housing segments in key regions weigh on momentum.

However, with policymakers managing to bring inflation on a more controlled path in 2023, the narrative in 2024 will start to shift towards the reversal of synchronized rate hikes and the revival of growth and investment, particularly in advanced economies. Even as countries continue to face a volatile geo-political environment and persistent regional divergences in 2024, it will be equally important for organizations to prepare for the tailwinds that will emerge from a pullback in interest rate hikes, receding price pressures, and steady policy support for growth industries such as transport and infrastructure, green energy, semiconductors, manufacturing, automotive, etc.

This 2024 macroeconomic growth content provides key analytics on global and regional economic scenarios through growth trajectory analysis and regional comparisons. It provides foresight to businesses and policymakers on top global opportunities covering commodity prices, labor segments, critical minerals supply chains, as well as the global interest rate environment.

Based on an in-depth analysis of megatrends and regional policies, Frost & Sullivan has detailed key macroeconomic growth opportunities for businesses in 2024. This piece defines the context of these opportunities and the call to action for companies that should be leveraged for resilient growth.

• How should your team analyze the growth trajectory of 2024's global gross domestic product (GDP)?
• What are the growth opportunities for advanced and emerging economies, and how will they impact key economies?
• What are the top regional opportunities and visioning scenarios that can influence the economy amidst major transformations?