What’s Next For The Global Economy: Three Scenarios

Carl Hazeley

5 months ago4:49 mins

What’s Next For The Global Economy: Three Scenarios

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.

abrdn’s economists are more pessimistic than average

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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