It has been another tough year on the personal finance front. But there could be a little relief in the coming years. Here we set out what consumers can expect in 2024.
The role of a central bank is to take away the punch bowl while the party is in full swing. The spoilsport approach is aimed at preventing the night ending with a hangover. In fiscal terms, this is the economy overheating and crashing. The trick is to convince the guests to moderate their exuberance as the alcohol is not coming back. The problem is they can spot your bluff and everyone knows there’s a bottle of whiskey under the table. The behaviour might not moderate in the expectation the drinks will flow again.