Global Economy in 2024 - Growth Expects to be Weaker
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The 2020s has been a bumpy decade so far for the global economy. By March, most countries were locked due to the Covid-19 pandemic and supply chain was disrupted for the two consecutive years. Just when the world had emerged from the crisis, a new catastrophe unfolded with Russia, invasion of Ukraine in February 2022.
The European Union and other countries put sanctions on Russia, the world’s leading exporter of oil and gas. Europe dramatically stopped most trading with its biggest energy partner. The value of imports shipments was higher than exports. In 2023, supply chain was relatively better than previous years.
It is expected that the United States of America would see a stronger growth as compared to China and Europe. Total trade of the U.S. has increased in the last two years, imports were higher than exports. So as the decade trundles onward into 2024, is the global economy heading for some much-needed respite and stability?
What market experts say? What was the past market scenario? What will be the next in 2024? Read blog to know more
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