KPMG South Africa’s Post

As today is polling day in the UK it will be interesting to see what effect the choice of government has on the UK’s economic outlook. Globally the forecast is for a slowdown in growth. Learn more by reading KPMG’s analysis.

KPMG’s latest Global Economic Outlook analysis is out. We’re forecasting global growth will slow this year, before rebounding in 2025. Meanwhile, inflation is expected to continue to cool, but in many countries and territories the price pressure may take longer to unwind than it took to emerge. Learn more by accessing this interactive website: https://social.kpmg/ha15ti #EconomicOutlook

KPMG’s latest Global Economic Outlook analysis is out. We’re forecasting global growth will slow this year, before rebounding in 2025. Meanwhile, inflation is expected to continue to cool, but in many countries and territories the price pressure may take longer to unwind than it took to emerge. Learn more by accessing this interactive website: https://social.kpmg/ha15ti #EconomicOutlook

KPMG is forecasting global growth will slow from 2.7% 2023 to 2.5% in 2024 and rebound to 2.7% next year. Meanwhile, inflation is expected to continue to cool, but in many countries the price pressure will take longer to unwind than it took to emerge. The latest predictions in KPMG’s Q2 2024 Global Economic Outlook reflect the current elevated geopolitical uncertainty, with nearly half of the world’s population already voting or heading to the polls in 2024. Armed conflict and trade tensions are flaring in numerous parts of the world which could fuel more isolationist policies. KPMG’s international team of economists believe the resulting risk could be more frequent bouts of inflation and the possibility of sharper shifts in monetary policies. Regina Mayor Yael Selfin Mark Saunders

Here are some insights from the recently released IMF World Economic Outlook for April 2024, which paints a picture of global economic resilience in the face of lingering challenges. Some key takeaways: - Global Growth: Expected to hold steady at 3.2% in 2024, slightly up from the previous forecast, but still historically low due to lingering effects of the pandemic and geopolitical tensions . - Inflation: Projected to decline globally as economies adjust to tighter monetary policies and as fiscal supports are withdrawn. Advanced economies are likely to reach their inflation targets sooner than emerging markets . - Investment: A significant emphasis is placed on green and climate-resilient investments, with a call for increased efforts in emerging markets and substantial private sector financing . - Risks: The report outlines a balanced risk outlook, with potential downside from geopolitical tensions and divergent disinflation rates. Upsides include the possibility of stronger structural reforms spurring productivity . - Policy Priorities: Stresses the importance of policy actions focused on achieving sustainable growth and resilience. These include ensuring that inflation is controlled and that fiscal buffers are rebuilt . The detailed analysis underscores the need for continued vigilance and proactive policy measures to support a stable yet dynamic global economy. For those interested in delving deeper, the full report offers comprehensive insights into the current state of the global economy and the outlook for the near future. #GlobalEconomy #EconomicOutlook #IMFWEO #GrowthForecast #InflationTrends #PolicyMaking

Fathom’s ‘Global Outlook, Spring 2024: Preview’ – a top 2024 Q1 read, reveals insights on post-pandemic trends, diverging economies, and potential risks from consumer behaviour and geopolitical tensions. https://lnkd.in/eRBqbk2K #FathomMacro #Post-pandemic

Regarding the results of the latest Global Economic Barometers, our Director Jan-Egbert Sturm comments: "The leading indicator has been above the coincident indicator for more than one and a half years. But the latter has been hovering around the same below-average level of 93 since the end of last year. Despite this month's decline, the outlook remains brighter than the assessment of the current situation. With inflation slowly returning to target and monetary policy thus gradually moving away from its restrictive stance, economic normalisation should indeed be under way". Read the full press release here: https://lnkd.in/dSkBnDCB #worldeconomy #globaleconomy #outlook #assessment #leadingindicator #coincidentindicator

📈Just released: KPMG's biannual Global Economic Outlook! The outlook? While 2023 saw 2.6% global GDP growth, 2024 may face challenges with a dip to 2.2%. Geopolitical uncertainties and tight monetary policies could be the culprits, hindering a significant uplift. 🌐📉 #economy #inflation #kpmg

The global economy is slowing in the face of a globalization reset and it's posing a dilemma for multi-national companies and investors. Learn from Schroders experts on which countries could potentially benefit from the global reset. Read here: https://okt.to/tZpNji

Uncertain market outlook due to Covid-19 aftereffects; businesses must hold tight Since March 2023, the diffusion index has stagnated, reflecting challenges from extended pandemic restrictions. The global economic slowdown is evident in mounting inflationary pressures worldwide. Read More: https://lnkd.in/gXww3baj #marketoutlook #globaleconomic #pandemic #europeanindustrial #waveringmarket #ProcurementResource