Five charts to start your day

What do the charts say about the year ahead in 2024?

Happy New Year!

Yesterday was an incredible day. Not only was it Monday, which is the start of the week, but it was also the start of the month, and the start of a New Year. You couldn't get a fresher start to the New Year. So I hope all of you have a very good start to 2024.

Let's have a peek at what is in store for 2024. A large number of economists expect the ECB to begin cutting rates during the second quarter of 2024.

What are the reasons behind this? Falling inflation! Inflation in the euro area has already slowed down to 2.4% in November 2023, which is down from a peak of 10% exactly a year before. Therefore, a sizeable 60% of all economists predict that inflation will fall to the ECB’s 2% target rate this year. Moreover, a huge chunk of these economists also believe that the ECB will start cutting interest rates in the second half of 2024.

The majority of economists predict ECB interest rate cuts this year

Source: Financial Times

Coming up:

• How the world economy is expected to grow

• What’s next for the US economy?

• Global economic prospects for 2024

• The OECD’s latest GDP forecasts

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