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2024 Outlooks: Difference between revisions
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|TD Securities<ref>https://www.tdsecurities.com/ca/en/global-strategy-outlook-2024</ref> | |||
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|Globally, while Europe and Canada may already be in recession, we see a U.S. recession by mid-2024 and relatively stable Chinese growth around 5%. Global demand will dip in 2024. Fiscal policy remains a dominant force in the U.S. and China. Any changes to policy will have important implications for growth. Central banks are likely to remain on hold until mid-2024 in most cases with the BoJ bucking the trend with hiking in the spring & autumn and the PBOC easing policy to help support growth. We expect more cuts than the market does, especially for the FOMC and BoE. We also expect QT to continue in the background as central banks cut rates; the one exception to this is the Fed. | |||
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