As we enter the final quarter of 2024, we have arrived at a new perspective on the economy and investment outlook for the fourth quarter and into 2025, focusing on three main points:
New economic era: In the third quarter, the global economy experienced a synchronised recovery.
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As we enter the final quarter of 2024, we have arrived at a new perspective on the economy and investment outlook for the fourth quarter and into 2025, focusing on three main points:
New economic era: In the third quarter, the global economy experienced a synchronised recovery. However, in the fourth quarter, we will start to see a slowdown in developed economies, especially in the manufacturing sector (late cycle), which will cause the Asian economy to slow down in the next 3-6 months.
New interest rate era: Major central banks, such as those in Europe, the UK, Switzerland and Sweden, have started to cut interest rates. The US Federal Reserve recently made a move for the first time in four years, with a reduction…