Reforms to boost investment and strengthen fiscal policy could help turn the tide WASHINGTON, Jan. 9, 2024— As the world nears the midpoint of what was intended to be a transformative decade for development, the global economy is set to rack up a sorry record by the end of 2024 —the slowest half-decade of GDP growth in 30 years, according to the World Bank’s latest Global Economic Prospects report. By one measure, the global economy is in a better place than it was a year ago: the risk of a global recession has receded, largely because of the strength of the U.S. economy ..read more

Banorte’s Alejandro Padilla and UBS’ Rafael de la Fuente told Bloomberg Línea that the country’s presidential elections shouldn’t disrupt momentum from private consumption and investment Mexico City — Mexico is poised to reignite its private consumption and investment engines in 2024, propelling growth in Latin America’s second-largest economy as the country goes through its longest-ever electoral period, two of the countries top analysts said to Bloomberg Línea. Their predictions were made as a record level of public spending was set in motion by the current administration, and despi ..read more

La cuesta de enero debería ser el primer gasto extraordinario que contemplar en cualquier presupuesto, todos los años llega en la misma fecha pero siempre son los mismos errores. ¿Por qué? La mayoría de la gente sigue sin contemplar el gasto excesivo de Navidad, los nuevos impuestos y leyes que entran en vigor a partir del 1 de enero, la situación económica del país o del sector en el que trabajan y, por ende, la deficiente planificación del presupuesto personal. Ahora bien, más allá de la cuesta de enero, aún hay una serie de errores comunes que lastran tus finanzas tod ..read more

Wondering when inflation will go down? We’re optimistic about what’s ahead. For now, it looks like inflation will return to normal without a recession. We expect inflation’s effect to fade through the end of 2023 and into 2024 after it reached its highest level in over 40 years in 2022. In our latest Economic Outlook, we detail that the drop in inflation is driven principally by the unwinding of price spikes owing to supply chain resolutions, along with a moderated pace of economic growth resulting from the Federal Reserve’s tightening. We expect inflation to average 1.8% from 2024 to 2 ..read more

Goldman Sachs Research expects the global economy to outperform expectations in 2024 — just as it did in 2023. That outlook is based on our economists’ prediction for strong income growth (amid cooling inflation and a robust job market), their expectation that rate hikes have already delivered their biggest hits to GDP growth, and their view that manufacturing will recover. Central banks, meanwhile, will have room to reduce interest rates if they’re concerned about the economy slowing. “This is an important insurance policy against a recession,” Goldman Sachs Research Chief Economis ..read more

La temporada de fin de año es una de las de mayor gasto para los hogares, teniendo en cuenta que es época de reuniones en familia, aguinaldos, Navidad y Año Nuevo. Y aunque estas fechas están rodeadas de un fuerte significado emocional, es importante que las familias latinoamericanas planifiquen con inteligencia sus finanzas, especialmente en meses en los que las tasas de interés siguen altas y la inflación apenas comienza a retroceder en la mayoría de países. Estos son los 6 consejos para controlar las finanzas en el fin de año 1. Elaborar un presupuesto: un pre ..read more

Key findings 1.     Global growth has so far remained relatively resilient through an extreme surge in inflation paired with one of the sharpest monetary tightening cycles in generations. This suggests that both contracting supply and expanding demand contributed to rising prices and raises a key question for the coming 12 months: have central banks really managed a soft landing of the global economy in such a complex situation? Or is the world facing a hard landing because central banks overreacted to mostly supply-driven inflation, or because they still underest ..read more

Las promociones a meses sin intereses, disponibles tanto en tarjetas de crédito bancarias como no bancarias, permiten a los consumidores dividir el costo de una compra de múltiples mensualidades BUEN FIN Se acerca el Buen Fin, una de las temporadas más esperadas por los amantes de las compras , pues existe una gran variedad de ofertas y promociones a meses sin intereses por lo que puede ser abrumadora. Ante esto, la Comisión Nacional para la Protección y Defensa de los Usuarios de Servicios Financieros (Condusef), ha compartido a los usuarios sobre la importancia de entender cómo funcionan es ..read more

Global geopolitical tensions often play a pivotal role in shaping people’s perceptions of economic growth. Research shows concern about such issues can cause people and businesses to become more cautious about spending and investing, which can ultimately lead to economic recession. The recent escalation of the Israel-Palestine conflict is no different. Investors around the world are worried about the repercussions of this war – particularly in light of an already bleak picture for global economic growth. Hamas’s October 7 attack on southern Israel is the lat ..read more

When it comes to financial regrets, there are some that are shared across generations. A 2022 ConsumerAffairs survey found that the number one financial regret boomers, Gen Xers and millennials all share is not becoming financially literate when they were younger. Considering how important personal finance education is in terms of building a financially secure future, this isn’t too surprising. That doesn’t make these regrets sting any less, though. Besides neglecting financial education, there are many other shared money regrets across generations. Here are the top 10 biggest ..read more