Several factors are contributing to the anticipated slowdown in the global economy. Rising interest rates implemented by central banks worldwide are impacting consumer spending and investment. Furthermore, ongoing geopolitical tensions are creating uncertainty in the market, leading to volatility in financial markets. These factors are expected to impact the global economy in the coming months. The slowdown is expected to be most pronounced in developed economies, where high interest rates are already impacting borrowing costs and consumer confidence. Emerging markets are also expected to experience a slowdown, although the impact may be less severe due to different economic structures and policies. The impact on global trade is also expected to be significant, with potential disruptions in supply chains and reduced demand. Experts predict a moderate contraction in global GDP growth in Q4 2024. This is likely to be accompanied by increased unemployment rates in several regions. The impact on inflation is also expected to be significant, with potential for a further rise in prices in some sectors. The overall economic outlook remains uncertain, with the potential for further shocks and disruptions in the coming months.
Sustainable Practices Gaining Momentum in the Manufacturing Sector
The manufacturing sector is increasingly adopting sustainable practices, driven by consumer demand and environmental regulations.
