Essentially Wealth Q4 2024

Steady growth in an uncertain world
Clear goals essential forsuccessful investing
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Steady growth in an uncertain world

In times of uncertainty, steady economic progress provides resilience.
After a turbulent few years, the latest set of projections foresee a period of reliable global growth.
Growth rates beat expectations Economic growth figures released over the summer generally proved stronger than analysts had expected.

Global growth for the whole of 2024 is now likely to be 3.2%, according to figures from the International Monetary Fund (IMF)1. In 2025, the predicted rate is 3.3%, a healthy pace of growth after a difficult few years.

Not out of the woods Despite positive headline growth forecasts, the IMF also highlighted some economic concerns, including large budget deficits and geopolitical tensions, which will create ongoing challenges for the global economy.

With many major world economies now cutting rates, it’s sending a global message that the worst of the three-year inflationary shock is now behind us.

Slower but still positive growth, lower inflation and interest rate reductions are a positive combination for investors.

Long-term thinking Whatever uncertainties do lie ahead, the basics never change: a long-term approach to finances and investments is advisable. Please get in touch with any questions or concerns you may have