GEAB 186
The economic outlook for Western countries looks bleak, judging by a number of indicators. After the decision to cut interest rates slightly, and with the two leading countries in difficulty, the European economies appear to be the weakest and risk being exposed to an aggressive attitude from countries in better financial health. We touched on Saudi Arabia’s investment strategy in another article, but here we look at that of the United States, which will be looking for new outlets to maintain the infusion of debt through its international dollar, which is finding fewer and fewer takers in the rest of the world. This observation has prompted our team to take a mid-term look at 2024, starting with the major trends of the year, published in our January bulletin, in which we saw the European continent heading for “particularly dangerous waters”.
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