What lies ahead for the global economy in 2024? | Counting the Cost
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- čas přidán 28. 12. 2023
- A global recession was widely predicted in 2023, but major economies held firm, raising interest rates to control inflation.
The United States' economy expanded by 5.2 percent in the third quarter, the quickest pace in nearly two years.
Food and fuel prices have come down. But inflation and high interest rates remain a major issue in many parts of the world.
Meanwhile, China is grappling with deflation as prices continue to fall. How will slowing growth and demand there affect the rest of the world?
We look at what lies ahead for the global economy in 2024.
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00:06 Global economy outlook for 2024 with focus on trade, debt, inflation, and interest rates
02:32 Global economy in 2024 faces uncertainties due to US-China trade tensions and geopolitical conflicts
05:00 Fiscal stimulus in the US and China for infrastructure development and technology sectors
07:19 India emerging as a counterweight to China
09:26 Germany's manufacturing industry faces challenges due to the lack of cheap energy supply from Russia.
11:41 The Chinese real estate crisis and its impact on the global economy
14:02 Saudi and UAE focusing on infrastructure investment and diversification
16:30 China's expanding technological partnerships with Middle Eastern states
18:34 Global oil demand being weighed down by growing property sector and economic woes
20:31 Lower oil prices will benefit countries facing debt issues and boost global demand.
22:41 Shipping costs impacted by Red Sea attacks
24:35 Show ending with contact information
You Can't Judge A Video By Its Cover. you can by its first few chapters and certainly by its last.
I took medic classes
Food prices have NOT come down in the US, it continues to rise by leaps and bounds.
Yeah this is pure propaganda, these people expect you to discredit your bank account and the cost of living and take their word for it
VERY insightful discussion !!!
Finch's partnership with 4ra? A perfect match. Brings credibility and loads of fun! 🤝💥
Super interesting : Thank you
How to fix an economy when the output is too low, unemployment and inflation very high
Ahmed is more a geopolitics guy than an economy guy.. Good comments from all there.
Perhaps, but consider the outsized role that geopolitics is playing in the global supply chain reset.
Investment capital appears to be re-examining where to invest in production based on both geopolitical risk calculations & increasing protectionist sentiments in many major trading countries. None want their capital investments stranded behind what could become future enemy lines or tariff laden zones.
The fossil fuel market risk scenario that could go to $150 per bbl if the Israeli/Palestinian Conflict were to escalate into a regional conflict shows just how quickly a geopolitical conflict could impact the entire global economy. Very sobering!
I'm no expert but this seemed like a very intelligent assessment & forecast to me.
Personally, I think investors will start to seek more market diversification. can i confidently invest about $3m into the financial markets in 2024? I'm still not sure how rates will effect the market just yet, which worries me a lot.
I think investors who are wary of changing market trends should seek out bear mkt directions from certified strategists/planners. Safer that way>
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
Being heavily liquid, I'd rather not reinvent the wheel. Since this strategy works for you, how can I contact your advisor?
Nicole Desiree Simon is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
Things take longer to happen than overnight. At some stage the rate rises will catch up with the economy and we will get the recession. Rate cuts in 24 will lead to job losses as demand slows. I still think we may have 12 to 18 months before it hits the fan.
Beautiful introductory graphics 👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻
Bro, i think 4ra’s new ads show their commitment to quality. 🌟 love seeing their dedication.
Finch being at 4ra shows they value authentic cricket insight. Makes me respect their bets more! 💼
Economic investigator Frank G Melbourne Australia is still following this very informative content cheers Frank 😊
Hey Frank, good to see you here mate.
China will rule India and Pakistan 😊
great session!
The outlook for the economy in 2024 is weak but hopefully not too bad
It’s only getting worse from here for everyone. Global collapse has begun
Finch's strategies on 4ra are spot on, bro. Betting on cricket just got a lot smarter! 🧠
very interesting!
When Finch talks, bettors listen. His promos on 4RA make so much sense!👂
This global collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
The stock market is a way to hedge against inflation. Most notably amidst recession, invest-ors need to understand where and how to allocate funds to hedge against inflation and still make profits.
I agree, having a port-folio-advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a license portfolio-advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.
That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?
Natalie Noel burns is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
The Chinese government doesn’t want real estate prices to peak again, it wants to re prioritize development into green tech and automation.
whatever
As a global economic observer, I've noticed that while major economies thrive, African economies are struggling significantly due to the strengthening of the dollar. This situation leads me to believe that adopting the dollar as their primary currency, a process known as dollarization, might be a viable solution for these African nations. Alternatively, the implementation of socialism could offer a different path, potentially providing more control over domestic economic policies and resources. The choice between dollarization and socialism presents a crucial decision for these countries, each offering distinct advantages and challenges in the face of a dominant global currency environment.
fashions!
My prediction for 2024 is 50 degree Centigrade summers, first in the global south in January and February, followed by the global north in June and July.
This is true and scary!
Low interest rates regime
is the main reason for
debt.Lending should not be
easy.
Repeatedly waging multi-decade wars in foreign continents that America has no rights in is what costs their debt. Can you imagine it now, EVERYONE needs to work 1.5 years for no pay in order to repay the debt.
Freedom & Liberty for all! 🇺🇸😂
increase the use of AI and robotics to do all the labour, commence a UBI and then slowly do away with the need for money altogether. A Star Trek future, yeh! only the rich and powerful would think this is a bad idea.
4ra connecting with cricket stars makes it feel special. 🌟 like we’re part of the action.
it's so funny to me when they think that the covid stimulus lasted any considerable amount. Stop pointing to it. It was a drop on the bucket. The reason the US economy grew is because 1. we export inflation, and 2. we are forced to. Most Americans live paycheck to paycheck - It's do or die, we must make payments, we must work hard enough to do so
Under the GTA. Oil Unification (by itself) takes almost twenty years before completion.
I notice COP28 is having absolutely no influence on oil production. Who’d have thought? lol
Guests commentators were very good for a change. Lady was the most insightful, knowledgeable & nuanced 👏🏾. Free Palestine 🇵🇸.
Food prices cane down??? Where???
The cricket vibes at 4ra are stronger with Finch, man. It's like having a captain for our betting team! 🧢
A collapse of the property market will have major impact 2024
😊 I had no idea about the issues in Israel etc and what antisemitism was, or where it originated etc. I found an article by you and want to say thanks for the professional explanation with a broader more sophisticated lense. Three cheers for your true journalistic approach free from mainstream agendas. Awesome ❤❤
If Finch trusts 4RBT, so can we. It's all about winning tactics and fair play! 👍
An economic crisis can make the war drums beat. Let's hope it doesn't happen.
📈 Got any advice? I got some basics from my friend but always looking to learn more about placing smarter bets
Yaar, the new IPL event on 4ra is insane! 🎉🏆 betting has never been this exciting.
"Exporting deflation" 👌🏿🇨🇳
Everyone is lining up, hat in hand, to pay respect to Mr. Keynes but no one is willing to say his name. "Fiscal Stimulus", "Biden Package"; my left *!*, it's pure Keynsian macroeconomics. As a lifelong Keynsian I'm pleased I lived to see it. I was heartily fed up with all the "supply-side" pundits and the Monetarists.
Yes, Kenya is doing betta' !
Greetings from Karl M. & Rosa Luxemburg
Yes bro, 4RA bets are the easiest and most fun 😎💰. The interface is smooth and placing bets is a breeze. I'm ready for some action! Who's with me? 🙌
Just saw 4ra’s new IPL event, and it’s incredible! ✨ can’t wait to get involved.
When someone describe Nijjar as a “Sikh Activist” - right then and there they loose all credibility of being rational in their world view.
I know, right, friend? His gameplay analysis is why I trust 4RBT now. Finch knows his cricket! 📚
The betting tips on 4ra are top-notch. 📊 it’s like having expert advice.
🎉 It's been great so far, right? It’s more fun knowing people who also play on it. What’s been the best part for you
Automotive and GTA.
One gasoline type per type of vehicle and the gas stations are very , very large. Unified globe means standardized prices. Education means escalation and acceleration towards better life. You want to bicker and haggle at the gasoline station? Radio waves and your phone. Gasoline Station attendants and your body. Larger gasoline stations make alot of sense.
I am in China currently enjoying the low price very much, comparing with other high inflation places, i feel very proud & happy, why pursuing the higher CPI?
Pride before the fall
@@firstlast8258 keep sucking on Gordon Chang's.
@@firstlast8258what fall? Prices have been falling already
@Jkl62200 the numbers don't lie but liars use numbers 🤓 🖕
@@firstlast8258 dude. If you have something to say, do so.
Let me consult my magic 8 ball. Probably will be just as useful lol
Can’t hear over the music!
To little emphases on Brics. It is going to hit so hard on the petrodollar that the dollar is going so shout for servival. Change in reserve currency is imminent.
Have u followed how little actual progress BRICS has made over 15 yrs? Highly dependent on chinas growth?
It is a snowball
Have you considered all the brics countries are going to fail
I so hope that you are right.
4ra’s latest promo has made cricket betting so thrilling! 🎥🎰 who else is loving this?
🤑 I’ve had some luck myself. Makes me think there's something to the tips my brother gave me. Ever hit a big win
Ummm things are broken. The regular people are in debt. The jobs are barely paying the bills. That cash from 2020 been finished like who are these people??? Where are they getting their ground information from?
Exactly, any additional earnings I've gained from the events of 2020 was completely gone by early 2023. Many people I know are now digging into their pre-covid savings.
I don't know about you but food costs is higher than ever.
India is fastest growing major economy at over 7% and soon be 3rd largest economy in 2024
4RBT is really committed to their cricket events. 🤔💯 these new features are awesome.
Then why are so many Chinese moving to Western countries.....it would make more sense for them buy Chinese real estate while it is low than purchase in Canada, for example.
People typically migrate to pursue opportunities. Nothing unusual about it. China has an emigration rate of around 0.02% a year while the US is around 0.03%. The only difference is that there are significantly more Chinese people in the world than all the western nations including Russia combined.
Those who are paid by the tax payer have noting to lose and are safe of.
The system trying to protect itself woth all cost!!
🎱 I tend to stick to the slots and occasionally roulette. Trying to keep it fun and light, you know
Looking to me like a lot of unemployment and bread lines
Just watching Finch on 4ra promos pumps me up to place smarter bets! 🔥
I'm unemployed
Achmed was looking a little severe pre interview. I wasn't sure if news was coming or an angry punk metal band......
🃏 My friend’s a poker fanatic and got me into the poker rooms. The competition is tough, but it’s a lot of fun
Depression, then World War 3. Same old game.
Elaborate?
ANY ESCALATIONS IN GAZA WAR MAY CAUSE DAMAGES IN THE WHOLE WORLD ECONOMY
SAID ECONOMISTS .
The economy is dying people are struggling. Why are they lying on the news? Food prices haven’t went down in America. Gas is still kinda high still around three.
TV Voice - no thanks.
World Cup T20 coming soon with 4rabet, I am so excited to bet and win big 🏏🔥! Watching the matches and betting at the same time, can't wait! 😁
I see more homeless people rents going up people losing houses companies not paying for your skills
💯
More like the Year of the fed quant easing
I don't Work
They say food prices are down- that's a lie. Housing is still high. Gas is going up and down like a yoyo. Nothing is stable or low right now. Unemployment is high. Crime is very high
Not even our president is stable.
It’s coming soon don’t worry.
It's always come. In time. No great insight there.
too much economics stuff
May Allah make Netanyahu and his frnd party beggers ameen😏
Alah is a paedophile
As a Muslim will you give them alms?
Omg. America is sky high. Who is this guy? Basic stuff still low like gas, milk, bread, eggs, but the buck stops there.
Hi I'm Ariful Islam leeton im software engineer and investors public and private Sector and development world economic Forum
🇵🇸 🤜🏾 🇮🇱 🇺🇸 🇬🇧 🇮🇳 🇫🇷
Funny how Africa is never mentioned, whereas these so-called BIG economy countries take so much from Africa to make their economy grow!!
Biden’s fiscal boost to the economy 😂😂 do these mfs know that we live in this economy pay check to pay check struggling to get by. Idc what lies you spew I’m living in this economy
What LIES🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Hey, anyone catch the 4RA promo? 🚀👍 it’s made me feel confident enough to start betting.
Allah long life Palestine
If everyone gave $1 it could create the Singapore of the Mediterranean where the Abraham Accord could not.
@@leonie563Sorry I've got problems of my own.
I refuse to even listen to a so-called expert who is incapable of properly pronouncing the "th" sound. Harvard faculty or not; even more because of being on Harvard staff. Bye.
ขอขอบคุณมากนะค่ะที่สื่อสิ่งนี้ให้ได้รับรู้เป็นเรื่องที่น่ารับฟังมากๆเพราะทำให้เข้าใจเรื่องโลกกว้างว่าด้วยควาเป็นอยู่ของมนุษย์ชาติสำคัญก็ขอให้ไม่ต้องอดอยากกันขอให้ได้ปัจจัยที่จำเป็นที่ปลอดภัยปัจจำเป็นคือาหารและน้ำที่พอทำให้มีสภาพร่างกายดีด้วยอาหารและเครื่องดื่มที่สะอาดเป็นสิ่งจำเป็นสำหรับคนทั่วโลกขอให้ใช้พื้นที่โลกให้คุ้มค่ากันค่ะช่วยกันดูแลเรื่องอาหารการกินที่ปลอดภัยให้ตนได้กินได้ดื่มทุกอย่างจะรอดได้ด้วยกันเน้นเรื่องปัจจัยจำเป็นที่สุดเพื่อชีวิตก่อนคืออาหารและเครื่องดื่มที่สะอาดปลอดภัยเพื่อลดการเจ็บป่วย คนเจ็บป่วยเพราะระบบการใช้ชีวิตที่ขาดแคลนความสมบูรณ์นั้นเป็นปัญหาใหญ่คนโลกที่มีกินและมีวิธีทำกินด้วยตัวเองจะช่วยทำให้ได้สุขภาพดีขึ้นช่วยส่งเสริมให้คนหมั่นใส่ใจดูแลตนเองให้เป็นเป็นการลดทุกภาระต่อโลกกว้างได้ค่ะ จนแต่ทีที่ปลูกพืชที่มีประโยชน์ที่ดีต่อสุขภาพตรงนี้ถือว่าไม่แย่เลยช่วยกันลองมองโลกให้กว้างจริงๆอย่าหดหู่เลยค่ะคนเมืองกับคนบ้านนอกคิดต่างกันก็จริงแต่โลกยังกว้างพอสำหรับทุกชีวิตค่ะขอให้เลือกเรียนรู้ที่จะสนุกพึ่งพาตนเองให้เป็นเพราะคนรู้วิธีพึ่งพาตนเองได้ดีนั้นจะเป็นดารได้ช่วยโลกกว้างไปในตัวเพราะจะไม่กล้าทำตัวเป็นปัญหาและเป็นภาระที่เป็นห่วงโซ่เครื่องเสื่อมเสียจะลดลงทันทีถ้าคนทั่วเลือกมองโลกที่ถูกต้องตามหลักสากลอันสมบูรณ์สมควรด้วยกันสิ่งจำเป็นที่สุดเพื่อชีวิตคืออะไรต้องรีบนำมาเป็นหน้าที่ประจำให้เป็นให้ได้เพื่อลดความเป็นภาระเเละปัญหาให้กับโลกค่ะขอบคุณค่ะ
Oh shut up and eat your pad thai