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The analysis reveals that the world’s largest economies will see inflation fall to 3% in 2024

The analysis reveals that the world’s largest economies will see inflation fall to 3% in 2024

This is related to the rise in interest rates by central banks, which has slowed down the pace of various economies, while at the same time creating severe difficulties for companies.

Eight of the world’s largest economies (Germany, Brazil, China, the United States, France, India, Italy and the United Kingdom) will achieve a reduction in inflation to 3% next year, according to a Bloomberg analysis.

This relates to rising consumer prices, which are occurring around the world and which central banks have sought to counter by raising benchmark interest rates. Through the measures in question, which are consistent with aggressive monetary policies, the aim is to calm the economic climate, and thus reduce market demand, in the most diverse sectors.

It should be remembered that central banks would like to restore the 2% ceiling in terms of annual inflation, but this will take some time. At the same time, more and more companies are suffering from the macroeconomic situation, and to this extent, the forecast indicates a very fragile remaining GDP growth, unless an economic recession is reached.

A meeting of the European Central Bank is scheduled for next week, at which news is scheduled to emerge on the outlook for the euro zone economies, according to ING Economics analysts, after they indicated in September a quarterly growth of 0.4%, in addition to a 2.9% increase in 2023 and 3. % Next year. In the same analysis, it is cautioned that the most likely scenario for the new data is that the estimates in question are returned.

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