Global disinflation still on track

Thursday 21 November 2024

Morgan Stanley with the note.

Our Global Economics team expects another couple of years of ~3% Y/Y real global GDP growth.

Inflation in major developed economies is still stabilizing after the Covid surge, and our team sees additional progress next year, albeit less progress than in 2024.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.