SUMMARY
- Global economic outlook for 2H24 is one of cautious optimism which will likely see divergent growth patterns across different regions, with emerging markets showing stronger momentum compared to more mature economies.
- The US may sustain growth momentum in the near term, but could face challenges as the labour market cools. China’s recovery remains sluggish despite government stimulus, with risks from weak consumer spending and geopolitical tensions, though supportive policies may help. While high US interest rates may continue to impede growth, China's expected gradual recovery and India’s strong economy could mitigate the slowdown.
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