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July 24, 2024
PI Global Investments
Real Estate

2024 Global Economic Indicators Include US Unemployment, China Real Estate

The global economy was tested in 2023 as it rarely has been before: inflation and the most aggressive monetary tightening campaign in decades, wars in Europe and the Middle East, a festering real estate crisis in China and the deepening rivalry between Washington and Beijing, which is forcing companies to rethink supply chains and security.

Despite these pain points, the post-pandemic global recovery managed to roll on. In the US consumers defied expectations and kept spending, prompting many economists to ditch their downside scenarios and forecast a rare soft landing. In China the booming electric-vehicle industry—along with a healthy dose of fiscal stimulus—helped leaders stick close to their growth target. And the world economy’s great new hope, India, took up some of the slack.

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