Global economic growth in 2024 may slightly exceed last year's level due to the increasing pace of recovery in the United States and India. This is indicated by the Brookings-FT Global Economic Recovery index, known as Tiger, which is updated every six months. The performance indicator of the American economy, which takes into account the level of confidence, the state of financial markets and real activity in the economy, reached its highest level since mid-2022. A similar improvement has been observed in India. Analysts note that the Tiger index is a «positive sign» of a moderate acceleration in global economic growth in 2024 compared to 2023, with the United States playing a key role in this improvement. The U.S. continue to surprise everyone by remaining resilient despite high interest rates. Strengthening business and consumer confidence, as well as stimulating domestic demand, are provided by the situation on the labor market and the growth of stock prices. On the other hand, the global economic recovery is slowing down due to geopolitical conflicts, protectionist policies and constant inflation. The Brookings-FT index compares real and historical indicators of economic activity, financial markets and confidence levels. The International Monetary Fund's forecast for January indicated an expected global GDP growth of 3.1% this year, with a slight acceleration to 3.2% in 2025. This week, the IMF plans to publish updated forecasts of the prospects for a global recovery.
