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Reasons to be cheerful about the global economy

The global economy has displayed remarkable resilience since 2020 and there are many reasons to believe that will continue in 2024. Read on.

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Reasons to be cheerful about the global economy

Reasons to be cheerful about the global economy
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Reasons to be cheerful about the global economy

Happiness, according to some psychologists, is a product of reality exceeding one s expectations. If so, 2023 has been quite a cheery year at least for economists. Citi s Global Economic Surprise Index shows that this year s projections have been consistently beaten by the actual data. The economic trends that have underpinned this reality also offer plenty of reasons to be optimistic for 2024.

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Industrial Metals' Plunge Accelerates Amid Global Growth Scare

Industrial Metals' Plunge Accelerates Amid Global Growth Scare
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Copper 1Q Forecast: May Rise Further as Post-Covid Economic Outlook Clears

Copper 1Q Forecast: May Rise Further as Post-Covid Economic Outlook Clears 2021-01-03 14:00:00 Thomas Westwater, Analyst Copper 1Q Forecast: May Rise Further as Post-Covid Economic Outlook Clears Advertisement Copper prices plummeted in Q1 2020 as Covid forced governments to enact economically crippling lockdown measures. Global data improved by the second half of the year, beating initial estimates from central banks and governments. Copper s 2020 swing low preceded these data beats and went on to reach highs not seen since 2013 – see chart below. The red metal’s ability to act as a bellwether for economic growth is well established, hence the pseudonym, “Dr. Copper.”

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