Here's what's likely to happen in the next 12 months for major economies, interest rates and markets. Morgan Stanley estimates the UK will shrink by 0.1% through 2024, leading to at least two consecutive quarters of technical recession. Global outlook: 'flexible but dull'Oxford Economics believes the global economy will enter a soft state, but also says growth in 2024 is “likely to moderate” by post-2008 standards. Morgan Stanley estimates global growth will slow to 2.8% in 2024, down from 3% projected in 2023. Societe Generale reflects the mood with a 2024 Global Economic Outlook titled “Resilient but dull” accompanied by an image of a sloth.

Source: The Guardian January 05, 2024 23:31 UTC