MacroVoices #431 Lakshman Achuthan: 2024 Turning Points
Macro Voices
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Global Industrial Growth Outlook and Inflation Trends
The chapter analyzes the global industrial growth outlook for major economies and emerging markets in 2024, highlighting a turnaround in industrial production growth rates with rising demand positively impacting global trade. It delves into potential inflation risks associated with increased demand, discussing how goods inflation could be on an upward trajectory contrary to common beliefs. The narrative explores various inflation scenarios, from mild economic heating to potential runaway inflation, and the implications of sticky inflation on central bankers' credibility and decision-making.
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