The year 2024 has been marked by a certain return to normalcy in the global economic situation and its key variables, such as economic growth and inflation. We review the most relevant milestones of 2024 with the help of our team of experts in markets and cryptoassets.
After the extreme volatility of the previous two years resulting from the effects of COVID on the economy, financial markets have returned to a more stable environment, which has restored investor confidence and allowed them to take a more strategic and long-term approach to their portfolios.
For instance, inflation in the United States has remained around 3% after averaging 4% in 2023 and 8% in 2022. A similar trend has been observed in other regions, such as the Eurozone, where inflation fell from 3.5% in 2023 to 2% in 2024.
Perhaps the most significant development for investors has been the beginning of interest rate cuts by major central banks, which has prompted us to reconsider our investment strategies in light of expectations for further rate cuts and a significant decline in short-term deposit yields. Central banks have begun decisively lowering benchmark rates, driven by the steady containment of inflation since its peak in 2022.