What lies ahead – our experts share their views on 2024
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Insights What lies ahead – our experts share their views on 2024 08-01-2024 Have a look at our different economic comments country by country for 2024. Nordics: Read about how developments in the world economy and the financial markets in 2023 were fortunately much better than fe
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The desk views the current economic landscape as one characterized by divergence, particularly between the resilient US economy and the struggling Chinese market. Per the full note [source], while the US shows surprising strength, China's economic outlook is clouded by significant property sector challenges and labor market concerns. This divergence is expected to influence currency movements, particularly in the context of USD strength against a backdrop of global uncertainty. With consensus targets reflecting a range of 1.04 to 1.10 for USD/CNY, the desk's outlook aligns closely with the upper end of this spectrum.
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