Economic recovery shifts to Europe and emerging markets amid slower U.S. growth | Power of Data | August 2024
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Dun & Bradstreet Global Economic Outlook, August 2024
Against a backdrop of moderating global growth, economic policymakers continue to find common priorities in supporting their domestic economies, bringing inflation back to target, and following a course to easier monetary policy. Momentum on global disinflation appears to be slowing, signaling challenges for policymakers and businesses alike. Although the European Central Bank (ECB) and the Bank of England have begun cutting interest rates, the U.S. Federal Reserve decided against cutting rates in July. And although looser policy in developed economies has only just begun, emerging economies are further along the easing cycle. As such, we expect growth in emerging economies to be ahead of that in developed economies this year and next. Political risks, meanwhile, have returned to the fore in the form of anti-immigrant sentiment in the U.K. and Europe. In the U.S., uncertainty is high following the attempted assassination of former President Donald Trump and President Joe Biden’s decision not to stand for re-election, with Vice President Kamala Harris now the Democratic candidate as campaigning enters a more active phase.
Dun & Bradstreet Global Bankruptcy Report - 2024
For more than 180 years, Dun & Bradstreet has combined global data with local expertise insights to help our clients make smarter, informed decisions. Uncertainty has become the norm for businesses over the past few years; in the face of considerable challenges and changes across all industries, businesses have had to adapt, rather quickly, to the new operating environment to ensure business resilience. Since 2021, across the 45 countries that constitute almost 90% of global GDP, there has been, on average, 12% growth per year in businesses filing for bankruptcy. In 2023, corporate insolvencies reached their highest level in more than 10 years.
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