Economy in Focus # 8 - 2024 outlook: What to expect and prepare for

In the 8th edition of Economy in Focus, Intrum’s Senior Economist, Anna Zabrodzka-Averianov, offers a detailed outlook on the economic challenges and opportunities expected in 2024. This report, published in January 2024, examines inflation, credit tightening, and recovery scenarios.

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Inflation expected to ease gradually

While inflation has started to decline, 2024 will likely see a slow, uneven return to target levels. A “soft landing” scenario, with modest growth and inflation easing, is the most likely outcome for the European economy.

Credit tightening impacts households and businesses

The rise in interest rates has slowed credit growth across Europe. Higher credit servicing costs are expected to continue, impacting consumption and investment in 2024 and beyond.

Economic recovery remains fragile

Although Europe is set to avoid a recession, the recovery is expected to be gradual and weak. Growth rates will hover below historical averages, limiting opportunities for a rapid rebound.

Anna Zabrodzka-Averianov, Senior Economist at Intrum

Comment from Intrum's Senior Economist:

"The European economy is likely to experience a soft landing in 2024, with inflation easing and a gradual recovery, though the path ahead remains fraught with challenges."

Prepare your finances for the coming year

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Previous editions of Economy in Focus:

Economy in Focus #7 - 2023 in Review – An economic potpourri

In the 7th edition of Economy in Focus, Intrum’s Senior Economist, Anna Zabrodzka-Averianov, reviews the economic challenges and developments of 2023. The report highlights inflation, property market declines, and regulatory changes. Published in December 2023.

Economy in Focus #6 - NPLs: A Decade-Long European Headache

In the 6th edition of Economy in Focus, Intrum’s Senior Economist, Anna Zabrodzka-Averianov, delves into the decade-long challenge of non-performing loans (NPLs) across Europe. This report explores the impacts of NPLs on the European economy and the strategies for addressing them. Published in September 2023.

Economy in Focus #5 – Four key challenges that European companies face

In the 5th edition of Economy in Focus, Intrum’s Senior Economist, Anna Zabrodzka-Averianov, examines the four key challenges that European companies face, including revenue disruptions, inflation fears, wage-setting struggles, and cost-cutting measures. Published in June 2023.

Economy in Focus #5 – Four key challenges that European companies face

Economy in Focus #4 – Employment remains strong in Europe

In the 4th edition of Economy in Focus, Intrum’s Senior Economist, Anna Zabrodzka-Averianov, discusses Europe’s resilient labour market amidst economic challenges. The report highlights stable employment, falling real wages, and rising consumer confidence. Published in April 2023.

Economy in Focus #3 – Downturn on the housing market

In the 3rd edition of Economy in Focus, Intrum’s Senior Economist, Anna Zabrodzka-Averianov, provides insights into the downturn in Europe’s housing market, with a particular focus on the impact of rising interest rates on household debt. Published in February 2023.

Economy in Focus #2 – Generation X worst off

In the 2nd edition of Economy in Focus, Intrum’s Senior Economist, Anna Zabrodzka-Averianov, explores the record-low consumer confidence in Europe, the impact of rising inflation, and how Generation X is most affected. Published in December 2022.

Economy in Focus #1 – Inflation reaches highest level in decades

In the 1st edition of Economy in Focus, Intrum’s Senior Economist, Anna Zabrodzka-Averianov, discusses the record-high inflation levels across Europe, the sharp rise in energy prices, and the impact on consumer confidence. Published in September 2022.