MacroDev N°53 - SEMESTRIAL PANORAMA 2024 #1
published in January 2024
Rate cuts do not a summer make
Three decades ago, it was believed that the end of the (first) Cold War would herald the “end of history” and the advent of economic globalization dominated by multinational companies, relegating governments to the sidelines. Today, we appear to be back in a political era, with governments brandishing the economic weapon and thereby fueling geopolitical fragmentation…
In 2024, all eyes will once again be on the USA, as Americans will be among the half of the world’s population called to the polls this year. But in contrast to many other countries, their choice in the presidential election in November is likely to affect much of the world!