As August 2024 concludes, global stock indexes in the US, Europe, and emerging markets have shown gains compared to four weeks earlier, following a sharp sell-off at the beginning of the month. However, this recovery has been accompanied by rising concerns, as recent economic data from key regions, including the US, the Eurozone, and China, have fallen short of already muted expectations. There is growing speculation about a possible near-term recession in the US, alongside sluggish growth in Europe and a lack of improvement in China’s domestic demand. These developments have raised significant concerns about the overall health of global economic growth.
US Economic Outlook
The US economy is expected to experience a slowdown in growth due to several key factors:
Subscribe!