The global economy is showing unexpected positive momentum as inflation slows, creating a potential for a soft landing.

Global GDP is forecasted to grow by 3% in 2024, slightly below the previous year's growth but better than early bearish predictions.

US consumer spending and hiring remain strong, while European demand is weakening but still supports growth.

Unemployment rates in advanced economies have remained stable since 2022, despite rapid increases in borrowing costs by central banks.

Policymakers are grappling with the implications of geopolitical instability and high debt levels on economic recovery and growth prospects.

Global public debt is projected to reach $100 trillion by the end of 2023, raising concerns about fiscal sustainability and response capacity during economic downturns.

The International Monetary Fund and World Bank's annual meeting in Washington highlights concerns over government debt and geopolitical tensions.

Ongoing conflicts in Ukraine and the Middle East present additional risks to global stability and economic growth.

Bloomberg Economics estimates that rising oil prices and market uncertainty could reduce global growth by half a percentage point in the coming year.

The European Central Bank has lowered interest rates and expressed confidence in avoiding recession, but warns that a trade war could jeopardize this outlook.

Former President Donald Trump's proposed tariffs could significantly disrupt global trade, with potential adverse effects on the US economy.

Economic analyses predict that proposed tariffs could lower US GDP by 0.8% by the 2028 elections, while China would face a smaller economic impact.