Financial Times (April 14)
“Momentum in economies including the US and India has been picking up in recent months, helping stoke optimism that global growth in 2024 will modestly outpace last year’s reading…. providing a bright spot amid a largely lacklustre global economic backdrop .”
Tags: 2024, Bright spot, Economies, Global growth, India, Momentum, Optimism, Outpace, U.S.
Market Watch (March 1)
“Market participants came into 2024 looking for six or more quarter percentage point interest rate cuts by the Federal Reserve, but now see only three. They should further revise that all the way down to zero,” based on a note, released Friday, from Torsten Slok, Apollo Global Management’s chief economist.
Tags: 2024, Apollo Global Management, Economist, Fed, Interest rate cuts, Market, Note, Participants, Quarter percentage point, Six, Slok, Three, Zero
Markets Insider (January 17)
“The US and European Union are seeing large stockpiles of solar panels after soaring manufacturing capacity fueled a substantial oversupply.” At year end, “an estimated 45 gigawatts of modules in the US and 90 gigawatts in the EU had piled up, nearly twice the forecast installations for 2024.” The glut is leading to “even lower prices” and “fierce competition between manufacturers,” with “less efficient manufacturers… bound to lose out, as overcapacity and low module prices add to financial challenges.”
Tags: 2024, 45 GW, 90 GW, Competition, EU, Forecast installations, Glut, Manufacturing capacity, Overcapacity, Oversupply, Prices, Soaring, Solar panels, Stockpiles, U.S.
South China Morning Post (January 16)
Disappointing performance has marked Hong Kong’s stock market in 2024. “The Hang Seng Index hit a fresh 14-month low and has lost 2.3 per cent this week on top of a 4.7 per cent loss in the first two trading weeks of 2024.” Investors remain worried about “the strength of the mainland economy” so “it’s possible for the Hang Seng Index to test new lows under selling pressure.”
Tags: 2024, Disappointing, Economy, Hang Seng, Hong Kong, Investors, Mainland, New lows, Performance, Stock market, Trading, Worried
Reuters (January 8)
“The world is full of danger. The planet starts 2024 with war in Gaza and Ukraine, superpower rivalry, climate change and slow growth. The possible return of Donald Trump as U.S. president is another risk…. It’s easy to see how the world’s multiple overlapping crises – what some observers have labelled the ‘polycrisis’—could feed on one another, creating a doom loop.” But none of this is inevitable. “There are more optimistic scenarios, and some silver linings in the pessimistic ones.”
Tags: 2024, Climate change, Danger, Doom loop, Gaza, Growth, Optimistic scenarios, Polycrisis, Risk, Rivalry, Superpower, Trump, U.S., Ukraine, War, World
Reuters (December 23)
In 2024, “the global trade war will shift from fossil fuels to metals and raw materials. Russia’s invasion of Ukraine highlighted the risk of relying on autocratic states for energy. Even if Europe’s gas crisis eases, Western manufacturers’ focus will switch to reducing China’s dominance in materials key to a cleaner economy.”
Tags: 2024, Autocratic, China, Cleaner, Dominance, Energy, Europe, Fossil fuels, Gas crisis, Global, Invasion, Materials, Metals, Raw materials, Relying, Risk, Russia, Shift, Trade war, Ukraine
Wall Street Journal (December 6)
“2024 is the year the global spillover implications of China’s slowdown will sink in. Advanced economies will downgrade the importance of market access in China, and Global South nations will be forced to find other engines of development.” This will lead to “a new phase of geopolitical conditions, with the anchor assumption of a rising China and declining U.S. being retired. The implications of this will be far reaching and challenging to forecast.”
Tags: 2024, Advanced economies, Assumption, Challenging, China, Downgrade, Far-reaching, Geopolitical conditions, Global South, Global spillover, Implications, Market access, Slowdown, U.S.
Bankrate (October 10)
“Recession odds between now and September 2024 have dropped to 46 percent, according to experts’ average forecast in Bankrate’s latest quarterly survey of economists. Those probabilities are still close to a coin flip, but they’re down from an average forecast of 59 percent just last quarter. They’re also the lowest odds since the first quarter of 2022.”
Tags: 2022, 2024, 46%, Economists, Experts, Forecast, Lowest, Odds, Probabilities, Quarterly survey, Recession
Wall Street Journal (November 10)
“If Donald Trump announces he’s running for president again, the 2024 election is over.” He is “the Republican Party’s biggest loser” having “flopped in 2018, 2020, 2021 and 2022.” Donald Trump “has led Republicans into one political fiasco after another.” Perhaps now that “Mr. Trump has botched the 2022 elections,” Republicans will finally be “sick and tired of losing.”
Tags: 2018, 2020, 2021, 2022, 2024, Biggest loser, Botched, Election, Elections, Fiasco, Flopped, Losing, Republicans, Sick and tired, Trump
New York Times (July 15)
India’s water crisis offers a striking reminder of how climate change is rapidly morphing into a climate emergency. Piped water has run dry in Chennai…and 21 other Indian cities are also facing the specter of ‘Day Zero,’ when municipal water sources are unable to meet demand.” The Prime Minister “has promised piped water for all Indians by 2024,” but that goal will never be met unless the government also focuses on harnessing “powerful natural water systems that worked in the past…. Mr. Modi’s government’s focus on huge projects is flawed because moving water works only if there is water to move.”
Tags: 2024, Chennai, Climate change, Crisis, Day Zero, Demand, Dry, India, Modi, Natural water systems, New projects, Piped, Water
