Several economic forecasts have been revised, indicating a slowdown in growth for the year 2024. Thailand's GDP growth projection has been downgraded to 2.8%. Fitch Ratings has forecasted a weakened economic outlook for Latin America in 2024, citing factors such as dampened demand, high borrowing rates, and significant exposure to China and the U.S. Additionally, Germany's Ifo Institute has cut its growth forecast for 2024 to 0.7%, a decrease from the 0.9% predicted in mid-December. The Ifo Institute's revision is attributed to budgetary uncertainties stemming from a constitutional court ruling.
Germany's Ifo institute trims 2024 GDP forecast again due to budget https://t.co/UqKB3DC6Eo https://t.co/vB2GFbZ4qr
⚠️ GERMANY'S IFO INSTITUTE TRIMS 2024 GDP FORECAST AGAIN DUE TO BUDGET (Reuters) Germany's Ifo institute again downgraded its 2024 economic growth forecast on Wednesday, citing uncertainty caused by changes to the federal budget necessitated by a constitutional court ruling.…
🔴 GERMANY'S IFO INSTITUTE CUTS GROWTH OUTLOOK FOR 2024 TO 0.7%, DOWN FROM THE 0.9% PREDICTED IN MID-DECEMBER.
Germany's Ifo Institute: Cuts Growth Forecast For 2024 To 0.7% - Down From 0.9% Predicted In Mid-December
⚠️ FITCH FORECASTS WEAKENED ECONOMIC OUTLOOK FOR LATIN AMERICA IN 2024 (Reuters) Ratings agency Fitch Ratings forecasts a decline in economic growth across Latin America this year amid dampened demand, high borrowing rates and considerable exposure to China and the U.S., which… https://t.co/ZKbPDb0iwj
Thailand downgrades 2024 GDP growth projection to 2.8% https://t.co/yB5JEtByKq https://t.co/EV3RXpcj0Q