**Global Outlook Update: Q4 2024**

In today’s turbulent economic landscape, a new normal has emerged, characterized by intensified fluctuations in global markets and macroeconomic trends. A primary driver of this shift is the dwindling pool of working-age individuals, leading to constraints on supply chains. The consequences are far-reaching: inflation and interest rates are on the rise, while economic growth has slowed significantly compared to pre-pandemic levels. Moreover, public debt has reached alarming heights, casting a long shadow over the fiscal health of nations.

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