# Factbox-What to expect in 2024: Forecasts for GDP, inflation and other assets
Published: 2024-04-18
Category: Headlines
Category URL: https://blockchaintribune.com/category/headlines/
Meta Title: 2024 Economic Forecast: GDP, Inflation & Asset Projections
Meta Description: Discover what leading banks project for global growth, interest rates, inflation, and asset performance in 2024. Stay ahead with expert insights.
URL: https://blockchaintribune.com/factbox-what-to-expect-in-2024-forecasts-for-gdp-inflation-and-other-assets/

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## Factbox-What to expect in 2024: Forecasts for GDP, inflation and other assets   (Reuters) -Global growth will likely slow this year and major central banks across the globe have indicated interest rate cuts this year.    Following are forecasts from some major banks on economic growth, inflation, and how they expect certain asset classes to perform:    Real GDP growth forecasts for 2024    GLOBAL U.S. CHINA EURO UK INDIA    AREA    Goldman 2.8% 5.0% 0.7% 0.6% 6.6%    Sachs    3.1%    Morgan 2.8% 1.9% 4.2% 0.5% -0.1% 6.4%    Stanley    UBS Global 2.6% 1.1% 4.4% 0.6% 0.6% 6.2%    Wealth    Management\*    Barclays 2.6% 1.2% 4.4% 0.3% 0.1% 6.2%    J.P.Morgan 2.2% 1.6% 5.2% 0.4% 0.3% 5.7%    BofA Global 4.8% 0.3% 5.7%    Research 0.4%    2.9% 2.7%    Deutsche 2.4% 0.6% 4.7% 0.2% 0.3% 6.0%    Bank    Citigroup 1.9% 1.0% 4.6% -0.2% 0.1% 6.3%    HSBC 4.9% 0.5%    2.6% 2.3% 0.4% 6.3%    UBS Global 3.0% 2.2% 4.6% 0.6% – –    Research\*    —-    U.S. INFLATION    U.S. consumer prices increased more than expected in March as Americans continued to pay more for gasoline and rental housing, leading financial markets to anticipate that the Federal Reserve would delay cutting interest rates until September.    U.S. inflation (annual Y/Y for 2024)    Headline CPI Core PCE    Goldman Sachs 2.50%    2.5%    Morgan Stanley 2.10% 2.70%    Wells Fargo 2.60%    Investment 3.0%    Institute    Barclays 2.70% 2.4%    J.P.Morgan 2.50% 2.50%    BofA Global 2.50%    Research 3.5%    Deutsche Bank 2.10%    Citigroup 2.0% 3.0%    HSBC    3.4%    —–    Forecasts for stocks, currencies and bonds:    S&P 500 US 10-year EUR/USD USD/JPY USD/C    target yield NY    target    Goldman Sachs 5,200 4.00% 1.12 145 7.05    Morgan Stanley 4,500 1 140 7.5    UBS Global 5,000 3.50% 1.12 140 7.00    Wealth    Management\*    Wells Fargo 4.25-4.75% 1.06-1.10    Investment 5,100-5,300    Institute 156-160    Barclays 5,300 4.25% 1.09 145 7.20    J.P.Morgan 4,200 3.75% 1.13 146 7.25    BofA Global 5,400 4.25% 1.15 142 6.90    Research    Deutsche Bank 5,100 4.10% 1.10 135    Citigroup 5,100 4.30% 1.02 135 7.25    HSBC 5,400 3.00% 1.05 7.10    145    Oppenheimer    5,500    UBS Global 5,400 3.6% 1.12 140 7.00    Research\*    \\* UBS Global Research and UBS Global Wealth Management are distinct, independent divisions in UBS Group    (Compiled by the Broker Research team in Bengaluru; Edited by Sriraj Kalluvila, Paul Simao, Arun Koyyur, Anil D’Silva and Shounak Dasgupta)


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