📊 Major Economies Seen Slowing Down In 2024: Cable FX Macro

• Major economies are expected to slow down this year, according to data compiled by Bloomberg. A forecast composite pencils developed economies expanding at 0.9% in 2024 down from the prior year growth of 1.6%

• Less than half of the G10 is expected to grow above 1.0% in 2024. Sweden lags peers as it is seen expanding by only 0.1%, this will a rebound from the prior year contraction of 0.5%

• A persistence of the U.S. resilience theme is holding through 2024 as the consensus expects GDP to rise by 1.3% vs the eurozone 0.5% and the U.K. 0.3%