Brent is forecast to rise to an annual average of $85 a barrel in 2024, according to BMI, adding it expected a sharp slowdown in developed economies in the first half which will put prices under heavy pressure; while in the second half, as global growth passes its nadir, sentiment will strengthen, positioning Brent for healthy gains.
Higher cost of capital will cause profitability gains to slow down while impacting loan growth. Banks are expected to build up reserves to shore up their.
U.S. stocks will probably keep climbing next year, with S&P 500 companies in a stronger position to adapt to higher interest rates than smaller ones,.