2024 Economic Outlook

2024 is going to “feel like a lot of tailwinds coming together”‘, says Fundstrat’s Tom Lee.

Morgan Stanley > 2024 U.S. Economic Outlook

 Ellen Zentner, chief U.S. economist at Morgan Stanley translates the sometimes complex world of economics, helping investors identify early indicators of market-moving trends.

Global economy to slow substantially in 2023, says the World Bank.

The global economy is set to slow substantially in 2023, according to a new report from the World Bank. The lagged and current effects of monetary tightening, as well as more restrictive credit conditions, are expected to weigh on activity in the second half of the year, with weakness persisting into 2024. Excluding China, growth in emerging market and developing economies (EMDEs) is set to decline markedly, with the outlook weakest in countries with elevated fiscal and financial vulnerabilities. The resurgence of recent banking sector turmoil represents a serious risk. Widespread financial stress could have especially severe economic consequences.

UN Report > Global trade slows, but “green goods” grow

According to a new report from the United Nations Conference
on Trade and Development (UNCTAD), global trade was worth a record $32 trillion in 2022, but amid deteriorating economic conditions and rising uncertainties, growth turned negative in the last half of the year and is set to stagnate in the first half of 2023.

The silver lining was the strong performance of trade in environmentally friendly “green goods,” says UNCTAD’s latest Global Trade Update.

“This is good news for the planet,” says Alessandro Nicita, one of the report’s authors, “as these goods are key to protecting the environment and fighting climate change.”

Update: Sustainability for a better world

Business trends in 2023 revolve around corporate sustainability. From adopting the circular economy to cleaning up the global supply chain, 2023 is the year that companies must put sustainability in business into action. University of Navarra IESE Business School professors explore ways to put sustainability at the heart of business.

Learn More

World Economic Forum: From Mass Data to Mass Insights @ Davos 2023

New technologies to generate insights without exposing the underlying data is ushering in a new era for value creation in the digital economy. This session at Davos 2023 focused on mapping the genome to reducing the carbon footprint, and on how business leaders unlock value from data collaboration at scale.

The session was part of the ongoing Digital Transformation of Industries Initiative of the World Economic Forum. The World Economic Forum is the International Organization for Public-Private Cooperation.

New Registration Open for WOC 2023 in Las Vegas

Jan. 16-19 at the Las Vegas Convention Center

Part knowledge, part equipment, part connections—World of Concrete is 100% of what you need to keep grinding it out through disruptions to the supply chain, safety and beyond. Get your hands on advanced technology and machinery, access the newest training and techniques in concrete and masonry, and build momentum for another unstoppable year.

Original equipment manufacturers from around the world and exclusive U.S. distributors of equipment, tools, products and services for the commercial construction, concrete and masonry industries. WOC attracts approximately 1,500 exhibiting companies and occupies more than 700,000 square feet of indoor and outdoor exhibit space.

More than 60,000 industry professionals from all around the world, representing all segments of the construction industry: Commercial Contractors, Concrete Contractors, Concrete Pumpers, Construction Managers, Dealers/Distributors, Decorative Concrete Contractors, Designers and Specifiers, General Contractors, Block/Segmental Unit Producers Masonry Contractors, Architects, Engineers, Block Producers, Ready Mix Producers, Rental Equipment Centers, Repair Contractors, Residential Contractors, Specialty Concrete Contractors, Precast, Pipe and Block Producers, Precast/Prestressed Producers, and more.

WOC 2023, will be held Jan. 17-19 (Education, Jan. 16-19) at the Las Vegas Convention Center. There is no onsite registration. All attendees must register online, before coming to the show to receive a printed badge onsite. Confirmation letters will contain a barcode to easily print out your badge once you arrive onsite.

Register now for World of Concrete 2023

UN Report: Development Prospects in a Fractured World

The world is headed towards a global recession and prolonged stagnation unless we quickly change the current policy course of monetary and fiscal tightening in advanced economies, according to a new report from United Nations Conference on Trade and Development.

Supply-side shocks, waning consumer and investor confidence and the war in Ukraine have provoked a global slowdown and triggered inflationary pressures. All regions will be affected, but alarm bells are ringing most for developing countries, many of which are edging closer to debt default. Climate stress is intensifying, with mounting loss and damage in vulnerable countries who lack the fiscal space to deal with disasters, let alone invest in their own long-term development.

UNCTAD projects that world economic growth will slow to 2.5% in 2022 and drop to 2.2% in 2023. The global slowdown would leave real GDP still below its pre-pandemic trend, costing the world more than $17 trillion – close to 20% of the world’s income.

Read highlights from the report.

Forum on Global Trade and the Digital Economy 

U.S. Chamber of Commerce executive Myron Brilliant discussed three opportunities American businesses can take advantage of to impact the global economy in 2022.

The U.S. Chamber of Commerce hosted its 2nd annual Global Forum on May 10 and 11, 2022. The forum focused on how government and business leaders can address global challenges

Myron Brilliant, executive vice president and head of international affairs for the U.S. Chamber, set the stage for the day’s programming. He summarized three major issues affecting the interconnected global economy, as well as some significant opportunities American businesses have to impact the global economy.

World Faces Growing Environmental, Political, and Social Risks

World leaders are failing to prepare for a new era of complex and often unpredictable risks to peace as profound environmental and security crises converge and intensify, according to a major report by the Stockholm International Peace Research Institute (SIPRI). The report, Environment of Peace: Security in a New Era of Risk, offers policymakers principles and recommendations for navigating this volatile future.