The main scenario threatening the global economy continues to be stagflation: a stagnation in economic activity combined with high inflation
In the global stagnation scenario, real GDP drastically slows to 0.1% in 2024 while inflation rises to 6.8%. Further disruption to global energy and food supply, resulting from the war in Ukraine and other emerging conflicts, could lead to this outcome.
Geopolitical tensions could also cause a commodity price hike scenario where real GDP growth reaches 2.1% and inflation hits 6.6% in 2024.
Another scenario that impedes economic prospects: global fragmentation. Here, the global economy becomes progressively fragmented with economies dividing into multiple blocs. Real GDP grows 1.9% and inflation reaches 5.7% in 2024. Businesses could face higher costs and reduced access to markets while consumers experience higher prices and limited options.
The main scenario threatening the global economy continues to be stagflation: a stagnation in economic activity combined with high inflation
In the global stagnation scenario, real GDP drastically slows to 0.1% in 2024 while inflation rises to 6.8%. Further disruption to global energy and food supply, resulting from the war in Ukraine and other emerging conflicts, could lead to this outcome.
Geopolitical tensions could also cause a commodity price hike scenario where real GDP growth reaches 2.1% and inflation hits 6.6% in 2024.
Another scenario that impedes economic prospects: global fragmentation. Here, the global economy becomes progressively fragmented with economies dividing into multiple blocs. Real GDP grows 1.9% and inflation reaches 5.7% in 2024. Businesses could face higher costs and reduced access to markets while consumers experience higher prices and limited options.
.webp)