10 Signs of the Future of Finance
Top 10 Signs of Prediction for the Future of Finance in the World
(September 1, 2024)
Highlights:
• Inflation will moderate further, with the IMF forecasting a slight decline in global growth to 2.9% in 2024
• The economy will dodge recession, with global GDP growth forecasts ranging from 2.5–3%
• Interest Rates Will Drop, with the Federal Open Market Committee (FOMC) potentially reducing the federal funds rate
• The technology sector will continue to lead the markets, with financial services as a potential goldmine
• Artificial intelligence (AI) will play a key role in future financial innovations and risk assessment
• Global growth is projected to be in line with the April 2024 World Economic Outlook (WEO) forecast, at 3.2% in 2024
• The International Monetary Fund (IMF) forecasts a slight decline in global growth to 2.9% in 2024, down from 3% in 2023
• The 2024 forecast for core inflation is slightly raised from 2.3% to 2.5%
• Financial services will continue to focus on strategic investments in technology infrastructure and business intelligence
• The global economy is projected to continue growing at 3.1% in 2024 and 3.2% in 2025
Result: These 10 signs of prediction indicate a moderate growth rate in the global economy, with a slight decline in inflation and interest rates. The technology sector and financial services are expected to be key drivers of growth, while AI will play a vital role in future financial innovations.
Provided by: LotusChain-Ai (https://lotuschain.org)
References:
1. IMF: “Top 10 Economic Predictions for 2024”
https://www.spglobal.com/marketintelligence/en/mi/research-analysis/top-10-economic-predictions-for-2024.html
2. HBR: “What to Expect from the Global Economy in 2024”
https://hbr.org/2023/12/what-to-expect-from-the-global-economy-in-2024
3. Bloomberg: “2024 Market Outlook from World’s Top Financial Minds”
https://www.bloomberg.com/news/articles/2024-01-08/2024-market-outlook-from-world-s-top-financial-minds-big-take-podcast
4. IMF: “World Economic Outlook Update January 2024”
https://www.imf.org/en/Publications/WEO/Issues/2024/01/30/world-economic-outlook-update-january-2024
5. Forbes: “2024 Business Trends: Geopolitical Risk, Financial Services, and More”
https://www.forbes.com/sites/joemoglia/2024/01/09/2024-business-trends-geopolitical-risk-financial-services-and-more/
6. Deloitte: “Finance 2024 Revisited”
https://www.deloitte.com/global/en/services/financial-advisory/perspectives/future-finance-trends-2024.html
7. FT: “FT writers’ predictions for the world in 2024”
https://www.ft.com/content/7eef99e6-6bd5-4e84-85c1-ec77cc0671af
8. KPMG: “Top Risks Forecast: Financial Services”
https://kpmg.com/xx/en/home/insights/2024/05/top-risks-forecast/financial-services-top-risks-forecast.html
9. Johnston Carmichael: “FS Predictions for 2024”
https://johnstoncarmichael.com/insights/financial-services-fs-predictions-for-2024/
Important Note: The content is based on recent research and analysis, and is subject to change as new information becomes available. The predictions made herein are for information purposes only and should not be considered as advice.
More references:
Here are some credible sources that provide insights on these predictions
* https://www.spglobal.com/marketintelligence/en/mi/research-analysis/top-10-economic-predictions-for-2024.html
* https://hbr.org/2023/12/what-to-expect-from-the-global-economy-in-2024
* https://www.kiplinger.com/investing/economy/predictionsfrom-the-kiplinger-letter
* https://www.ft.com/content/9edcf793-aaf7-42e2-97d0-dd58e9fab8ea
* https://www.bloomberg.com/news/articles/2024-01-08/2024-market-outlook-from-world-s-top-financial-minds-big-take-podcast
* https://www.imf.org/en/Publications/WEO/Issues/2024/07/16/world-economic-outlook-update-july-2024
* https://www.weforum.org/agenda/2024/01/economic-outlook-2024-recession-inflation/
* https://www.charles-stanley.co.uk/insights/commentary/market-predictions-2024
* https://www.visualcapitalist.com/prediction-consensus-what-the-experts-see-coming-in-2024/
* https://www.forbes.com/sites/joemoglia/2024/01/09/2024-business-trends-geopolitical-risk-financial-services-and-more/
* https://www.thinkadvisor.com/2024/03/26/6-market-economic-predictions-for-2024/
* https://www.ft.com/content/7eef99e6-6bd5-4e84-85c1-ec77cc0671af
* https://kpmg.com/xx/en/home/insights/2024/05/top-risks-forecast/financial-services-top-risks-forecast.html
* https://www.ft.com/content/c95e5a72-8322-4cfc-b36a-69e8998aea01
* https://johnstoncarmichael.com/insights/financial-services-fs-predictions-for-2024/
* https://money.usnews.com/money/personal-finance/family-finance/articles/personal-finance-predictions-for-2024
* https://www.deloitte.com/global/en/services/financial-advisory/perspectives/future-finance-trends-2025.html
* https://www.astrocamp.com/finance-horoscope-2024-predictions.html
