The majority of countries started to show an increase in economic growth in 2Q24, after experiencing a slowdown at the beginning of the year.

Global monetary policy was less-aggressive than expected in 2024. Several central banks started easing their monetary policy in 3Q24 as the
inflation rate flattened.

Geopolitical conflicts continue in 2024. The conflict in the Middle East has expanded to involve countries other than Israel and Palestine. Meanwhile, the Russia-Ukraine conflict will continue.

Several commodity prices tend to stagnate in 2024 and There is still uncertainty risk from geopolitical conflict.

Political conditions in global countries’ election years were relatively stable.

Economic activity’s recovery has the potential to continue in 2025. This is driven by the easing of the monetary policy of several central banks, which could continue in 2025.

The exchange rate has the potential to be more stable in 2025.

By PHINTRACO SEKURITAS | Research
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