The first volume of the EcoCapsule in CY24 captured the key themes of CY23 including geopolitics, inflationary environment, and monetary policy actions. US economy demonstrated unexpected resilience, while China’s real estate slowdown contributed to a global growth slowdown. Initial fears of recession subsided as the year progressed. As CY24 beckons, the aftermath of CY23 induced storm is anticipated to crystallise, emphasizing growth concerns over inflation. India, on the other hand, has and is expected to remain a beaming lighthouse in rough seas, with robust GDP growth, increased fundraising activities, and positive external funding trends, as it sets the stage for potential fiscal and monetary shifts with rate cuts starting mid-CY24. For more such interesting trends, you may refer to our comprehensive EcoCapsule
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