[Infographic] The 2024 Economic Landscape

In the tapestry of global economics, money supply growth is akin to the vital threads that intertwine to sustain the vibrancy of short-term market movements. As we cast our analytical gaze back to September 2022, a subtle yet significant fraying becomes apparent—the contraction of both bank lending and broader money aggregates has sent ripples through financial fabrics worldwide.

With major economies around the globe registering a retreat in their monetary expansion, save for China’s steadfast course, it stands as an economic clarion call: hoisting up interest rates now could very well be tantamount to turning a blind eye to the winds driving our current financial sails. It’s imperative for policymakers and economic aficionados alike to acknowledge this reality; after all, steering through these intriguing times demands not just an understanding but also an appreciation for the intricate dance between liquidity flows and macroeconomic stability.

As the global economic orchestra tunes to the symphony of interest rates, it’s the United States that stands as its conductor, wielding influence with each gesture. By 2024’s twilight, whispers in financial corridors crescendo into a forecast: a harmonious 1% decline in American rates. This anticipated decrescendo resounds across oceans, but upon reaching Britannia’s shores, it transforms into a more subdued variation—a mere quarter-percent expected to ebb away from UK rates.

So let us watch attentively as this monetary minuet unfolds over time—with eyes keen for nuance and ears tuned for harmony—anticipating what future verses might reveal about our intertwined fiscal fortunes. For more detail, please refer to the info-graphic below.

[Infographic] The 2024 Economic Landscape