5 months ago • 4:49 mins
abrdn has just lowered its global economic forecasts and mapped out multiple scenarios that could play out from here. So let's take a look at the three most likely ones – barring the most probable: a recession – so you know what to watch for – and how to adjust your portfolio if you see them coming.
On average, economists around the world expect the global economy to grow by 3.2% this year, 2.9% next year, and 3.4% in 2024. Not likely, says abrdn: it believes the global economy’s multiple challenges will lead to a bigger global recession even sooner than it previously thought. The investment management firm is now predicting global growth of 2.8% this year, 1% next year, and 1.5% in 2024.
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