How will the global economy develop in 2024 and how will political uncertainties affect the financial market? Experts provide insights.

How will the global economy develop in 2024 and how will political uncertainties affect the financial market? Experts provide insights.

According to a report by amp.zdf.de, leading economists predict bleak times for the German economy in 2024. Ongoing global tensions, the presidential election in the USA and the unresolved problems of the German economy are weighing on the outlook. Analysts are warning of another year of recession and do not expect any significant easing of interest rates.

Geopolitical uncertainty has left a deep mark on economic activity in Germany and worldwide. Tensions with China, the ongoing war in Ukraine and the Middle East conflict as well as the presidential elections in the USA have already cast their shadow on the global economy. If Donald Trump is re-elected US President, experts fear dark times ahead, which would have a negative impact on economic activity across the market.

Furthermore, the rigid austerity measures of the right-wing populist ultra-liberals in Argentina could endanger the signing of the Mercosur agreement, which would have a negative impact on trade relations between Europe and South America. The German economy could also be affected by these international upheavals.

The unresolved problems of German financing of the state budget and the adherence to the debt brake are also seen as burdensome factors for the German economy. Critics complain that this policy is too dogmatic given the current turbulent situation and cannot offer an adequate response to the challenges. This could represent a factor of uncertainty that has a negative impact on the financial sector.

Overall, leading financial experts are concerned about the economic situation in 2024 and predict further turbulence. The unresolved international conflicts and the internal problems of the German economy could have a negative impact on the market and the financial sector, which could pose a challenge for investors, companies and consumers.