Mid year global economic update by icici bank webinar recording 42541380828
Published: 12-Jul-24
Mid-Year Global Economic Update by ICICI Bank - webinar recording
The recording of the APSCo UK webinar with Sameer Narang from ICICI Bank is now available. Sameer presented on pivotal topics that impact the global and Asian job markets.
Key Points that were covered:
The global economy is now showing signs of softening, led by the US, where both the manufacturing and service sectors are decelerating. The US should grow slightly ahead of trend this year, led by investments and fiscal policy.
Europe is expected to grow below trend with its changing political landscape. Euro-zone growth is forecast at 0.6% YoY for 2024.
Singapore and Malaysia's growth decelerated in 2023 as investment weakened, and while the former's strong exports are expected to support a resurgence in growth this year, the same can't be said for the latter. Instead, Malaysia's growth is expected to pick up from its private consumption.
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