Latin American economy

- Moody's 2024 global economy outlook -

Moody's first analyzed the global economy in 2023 and analyzed the outlook for the global economy in 2024.

First, Moody's analyzes that the global market in 2023 was a year of shock and surprise, ranging from tensions in the global banking system to cyclical trends in inflation, interest rates, and GDP, and persistent geopolitical conflicts.

And Moody's explains that, as he begins his global economic outlook for 2024, he has worked with Moody's analysts around the world to survey the credit outlook for 2024, giving market players a better understanding of what to expect in the coming year.

Moody's divides the 2024 global economic outlook into nine large taps and makes a detailed analysis, six of which are the economic outlooks of "China, Europe, the Middle East, Africa, and Latin American countries," which are as follows and have great implications for our economy.

1. Chinese economy

1) Economic Challenges Pressuring Chinese Financial Institutions' Asset Risk and Profitability

2) China's non-financial company outlook for 2024 remains negative

3) The outlook for APAC companies excluding China is stable.

Moody's still sees 2024 Chinese economy negatively.

This is what our economy should refer to.

However, the economies of APAC, Asia-Pacific, or the western coast of the Pacific, excluding China, are stable.

2. EMEA Economy

EMEA stands for "Europe, the Middle East and Africa" and refers to "Europe, the Middle East, and Africa."

Moody's has a negative outlook on the EMEA economy in 2024 due to interest rate hikes and continued inflation risks (EMEA non-financial companies outlook negative as interest rates bite, inflation risks ringer).

3. Latin American economy

Moody's has a negative outlook for Latin American economies in 2024 (Latin American non-financial corporate outlook is negative for 2024).

In the end, Moody's analyzes the outlook for the global economy in 2024, looking negatively at the economies of China, Europe, the Middle East, Africa, and Latin America, except for APAC.

In a nutshell, Moody's views the global economy in 2024 much more negatively than in 2023, citing high interest rates as the reason for this: high interest rates will be burdensome in 2024.