Empira Research Unveils 2023 Economic Insights: What’s in Store 2024
2023 marked a year of significant economic transitions, as detailed in our latest Empira Research report by Prof. Dr. Steffen Metzner. Here's a snapshot of key findings and implications for 2024.
▶ Recessionary Signals in Europe:
The DACH region faced economic challenges, with Germany and Austria entering recessions. This was primarily due to weak consumer and manufacturing activities. Switzerland, however, displayed modest growth, albeit with reduced momentum.
▶ US Economic Outlook:
Contrasting Europe, the US showed resilience with stable growth and low unemployment in 2023. However, 2024 may present weaker growth and stagnant disposable incomes, influencing global markets.
▶ Real Estate Market Dynamics:
Reflecting broader economic trends, the DACH region's real estate market grappled with regulatory challenges and a decline in new residential units. The US market also revealed a downturn, presenting a mixed picture across various locales.
▶ Shift in Financial Markets:
The era of low‐interest rates has evolved. Key interest rates rose in response to inflation, signaling a potential for modest cuts in 2024. This shift impacts global credit markets and investment strategies.
▶ Asset Class Variability:
2023 saw notable gains in equities and cryptocurrencies, while government bond yields experienced a roller coaster ride. These trends underscore the fluid nature of investment markets.
Prof. Dr. habil. Steffen Metzner MRICS's comprehensive analysis in our latest Empira Research offers invaluable insights into navigating the economic complexities this year. It’s an essential read for anyone looking to make informed decisions in this dynamic financial landscape.