{"id":26504,"date":"2024-10-15T09:39:23","date_gmt":"2024-10-15T08:39:23","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/2024\/10\/15\/steady-growth-in-an-uncertain-world\/"},"modified":"2024-10-15T11:28:23","modified_gmt":"2024-10-15T10:28:23","slug":"steady-growth-in-an-uncertain-world","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2024\/10\/15\/steady-growth-in-an-uncertain-world\/","title":{"rendered":"Steady growth in an uncertain world"},"content":{"rendered":"
\n

Reassuringly for investors, the latest batch of projections from economic soothsayers continues to predict a period of steady, if unspectacular, global growth. The forecasts also highlight a number of economic concerns including \u2018sticky\u2019 inflation, large budget deficits and geopolitical uncertainties, which could inevitably create some investment challenges.<\/strong> <\/p>\n<\/div>\n\n

\n

Growth rates beat expectations<\/strong> <\/p>\n<\/div>\n\n

\n

Economic growth figures released over the summer generally proved stronger than analysts had expected, particularly in relation to Europe and the US (in Q2). And while economic momentum is expected to soften across the second half of this year, forecasters are still predicting steady rates of growth. The latest figures from the International Monetary Fund (IMF), for instance, forecast global growth of 3.2% for the whole of 2024 with the rate rising slightly to 3.3% next year. <\/p>\n<\/div>\n\n

\n

Inflation persistency<\/strong> <\/p>\n<\/div>\n\n

\n

The IMF\u2019s musings were contained in a report entitled \u2018The Global Economy in a Sticky Spot<\/em>,\u2019 which highlighted two prominent near-term risks currently undermining growth prospects. Firstly, the IMF warned that \u2018services inflation is holding up progress on disinflation\u2019<\/em> which could result in interest rates remaining \u2018higher for even longer<\/em>.\u2019 Secondly, a deterioration in public finances has left many countries in a position of fiscal vulnerability and this is \u2018magnifying economic policy uncertainty<\/em>.\u2019 <\/p>\n<\/div>\n\n

\n

Geopolitical uncertainties<\/strong> <\/p>\n<\/div>\n\n

\n

In what was dubbed \u2018the year of the election\u2019, geopolitical uncertainties unsurprisingly continue to be a key concern as well. Indeed, their impact on global growth prospects can only be expected to rise in the near-term as the US presidential election looms ever closer. Continuing geopolitical conflicts and the rise in geoeconomic competition is also creating ongoing challenges for the global economy. <\/p>\n<\/div>\n\n

\n

Elements at play<\/strong> <\/p>\n<\/div>\n\n

\n

Economic resilience has flowed through to central bank monetary policy as global institutions have largely adopted a cautious approach. Slower but still positive growth, lower inflation and interest rate reductions are a positive combination for investors. <\/p>\n<\/div>\n\n

\n

Whatever uncertainties do lie ahead, one investment fundamental remains constant: long-term investors are best served by holding a well-diversified, multi-asset portfolio based on sound financial planning principles and thorough research. We\u2019ll help ensure your portfolio remains well-balanced and with the right mix of assets; we\u2019re always focused on finding investment opportunities. <\/p>\n<\/div>\n\n

\n

The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated. <\/strong> <\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Reassuringly for investors, the latest batch of projections from economic soothsayers continues to predict a period of steady, if unspectacular, global growth. The forecasts also highlight a number of economic concerns including \u2018sticky\u2019 inflation, large budget deficits and geopolitical uncertainties, which could inevitably create some investment challenges.  Growth rates beat expectations  Economic growth figures released […]<\/p>\n","protected":false},"author":12,"featured_media":26507,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,89],"tags":[],"hd_content_source":[116],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/26504"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=26504"}],"version-history":[{"count":3,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/26504\/revisions"}],"predecessor-version":[{"id":26510,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/26504\/revisions\/26510"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/26507"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=26504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=26504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=26504"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=26504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}