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The Macroeconomic Climate €“ Recent Developmentsacross World Economy And Euroland

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  • Andrei Rădulescu

Abstract

In 2024 the world economy continued to be confronted with the consequences of the exogenous shocks of the past years, including the fragmentation of the economic flows among the largest economies and the high level of the real financing costs. Against this background, the world GDP continued to present a growth pace below the average of the past decades, while the probability of the persistence of the tensions among the main economic blocks in the short run is high, taking into account the electoral context (in 2024 there are scheduled general elections in countries contributing by over 50% to the world GDP). This article underscores the unprecedented challenges facing the world economy today. Additionally, it examines recent macroeconomic developments in the global economy, focusing on the United States of America and the Eurozone.

Suggested Citation

  • Andrei Rădulescu, 2024. "The Macroeconomic Climate €“ Recent Developmentsacross World Economy And Euroland," Euroinfo, Institute for World Economy, Romanian Academy, vol. 8(1), pages 22-36, July.
    • Handle: RePEc:iem:eurinf:v:8:y:2024:i:1:p:22-36
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    File URL: https://iem.ro/rem/index.php/euroinfo/article/view/886/971
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    More about this item

    Keywords

    world economy; geo-economic fragmentation; USA economy; Eurozone economy;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F01 - International Economics - - General - - - Global Outlook
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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