Five Under-the-Radar Economic Trends that Could Define 2024It was only one year ago that many economists predicted that a US recession was “certain” in 2023. So today, when nearly every economist is on TV saying a soft landing is guaranteed, it’s time to start doing your own homework. In fact, betting against economists’ predictions can be a smart move. Over the past 60 years, the majority of leading economists (both public and private) have failed to predict every single one of the eight recessions we’ve experienced in the United States.
The most significant stories are often the ones economists overlook. With that in mind, we’ve picked five underappreciated trends that will matter for the global economy in 2024. With each one you’ll see where the shaky pieces are in the global economy—but also the stabilizing forces that may help throughout the year.