As we head into 2024 several big trends are shaping the world and investment decisions.

1. Modest Growth

The global economy will grow at around 3.2% in 2024, similar to last year. Advanced economies will see a bit of growth, emerging markets will see slower growth due to various challenges.

2. Falling Inflation

Global inflation will fall from 6.8% in 2023 to 5.9% in 2024. This is due to supply chain easing and lower energy prices. As inflation stabilises central banks will adjust their monetary policies and interest rates and investment strategies.

3. Geopolitics

Geopolitical tensions will continue to be a risk to the global economy. Trade and supply chains will be impacted, especially between big economies. Investors should keep an eye on how these tensions play out in the markets.

4. Sustainability and Technology

The switch to sustainable energy and the growing importance of critical minerals for technology will be in full swing. Countries with these resources have an opportunity for growth if they get their policies right to avoid the pitfalls of resource dependency. These will be big themes in 2024 and businesses and investors will need to adapt.