Chief Economists Outlook

A mood of cautious optimism Growth is weak, but building 56% of respondents said the global economy would weaken this year, the latest The outlook for the global economy survey sees that figure drop to 17%, with is improving, according to the latest more than eight in 10 respondents now World Economic Forum survey of chief expecting the global economy to strengthen economists. [...] This is the sixth consecutive and domestic political factors, may weigh on edition of the Chief Economists Outlook in the outlook in the remainder of 2024. [...] The corresponding and deepening interconnectedness of figures are slightly lower for China (67%) and economics and politics have increased the the US (61%), and in both cases around a pressure on fiscal and monetary policy- third of respondents expect the policy stance makers as they seek to sequence and to remain unchanged this year. [...] The long-term prospects for growth hinge on The answers were in line with respondents’ the capacity of policy-makers to put in place views on the importance of the growth of the necessary foundations for sustained technology and the green transition. [...] We also thank the members of the broader core community of the Centre for the New Economy and Society for their ongoing commitment and contributions to addressing several of the factors presented in this outlook.