Mishpacha’s experts predict the year ahead
Are you better off than you were four years ago?
Candidates for public office often pose that question, and with almost half the citizens in the world heading to the polls in 2024, that query will be reverberating in their ears.
The question is rather general. The answers are always uniquely individual. Some folks are financially better off. Some aren’t. Government decisions and policies don’t always play a positive or negative role.
However, the strategies that central bankers worldwide have applied to restrain inflation, and the control they wield over interest rates, will be major factors in determining whether 2024 will be a year of recession or a year of slow growth with low inflation — or whether a decades-long spending binge in world capitals has created a bubble that might yet burst.
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