MEGATREND 2024

“MEGATREND analysis is critical for companies seeking to drive sustainable growth and remain relevant as competition increases and new ideas disrupt entire industries.”

MT1

Looming inflation report are all risks highlighted by Wall Street analyst.

Inflation is being driven by energy, labor and housing. Levels are expected to remain elevated, particularly on the housing front, driven by rents.
On the basis of these inflation forecasts, average consumer price inflation should be 4.1%in 2023 and 3.8% in 2024, compared to 9.59% in 2022 and 2.44% in 2021.
What will US inflation be in 2024?
“Looking into 2024, economic conditions are expected to deteriorate modestly, though real GDP growth and the pace of job gains are expected to remain positive, and inflation is expected to decline to around 2.5%” is how Kevin Kliesen, a business economist and research officer at the Federal Reserve Bank of St. Louis.

MT2

Economic growth is likely to decelerate in 2024 as the effects of monetary policy take a broader toll and post-pandemic tailwinds fade.

Expect real GDP growth to walk the line between a slight expansion and contraction for much of next year, also known as a soft landing. After tracking to a better-than-expected 2.8% real GDP growth in 2023, we forecast a below-trend 0.7% pace of expansion in 2024.
If inflation continues its moderating trajectory over the coming quarters, we think it is likely the FOMC will start to slowly normalize policy rates near the midpoint of next year. We forecast 25 bps cuts at each meeting beginning in June, bringing the Fed Funds target range to 4.00%-4.25% at the end of 2024.
The larger-than-expected fiscal boost to the U.S. economy in 2023 could flip to a slight headwind in 2024.

MT3

Supply chain problems./Geopolitical impacts

Affected sectors include metals and mining, chemicals, automotivessemicon-ductors and technology.
Supply chain bottlenecks are mostly in the rearview, while global supply chain restructuring will take time.
The current conflicts in Ukraine and in the Middle East appear to be long term and at best could cause volatility in oil markets. At worst they could fragment the global economy and trade system further as sanctions avoidance through “swing states”countries such as India or Turkey, which are aligned to none of the “great powers” but want economic growth and development for themselves on their own terms

The Rise Of Intelligent Machines :

In 2024, artificial intelligence (AI) is a part of everyday life and virtually no industry or aspect of our lives is untouched by it. While it’s undoubtedly driving innovation and creating efficiencies in fields as diverse as healthcare, space travel and ecological conservation, it’s also causing a fair amount of fear and uncertainty. The threat to jobs is real – although it will undoubtedly create new opportunities, just as it creates redundancies.

Climate Change Increasingly A Political Issue:

Catastrophic effects of climate change is rapidly escalating as we enter 2024. Often, we are counting on technology to play a critical role, and innovations like clean energy and carbon capture will be part of the solution. However, the willingness of individuals and organizations to take responsibility, as well as the way that the political and economic trends mentioned here play out, will probably be even more critical.