Wealth Outlook 2024 - Slow then grow

North America: an emerging set of new opportunities Charles Reinhard Head of North America Investment Strategy Lorraine Schmitt North America Equity Strategist 2024 promises to be an eventful year in terms of politics, monetary policy and markets. We see the end of a series of “rolling recessions.” In particular, we believe that manufacturing will rebound after a 2022-2023 contraction while other sectors soften. Through it all, look for US gross domestic product (GDP) growth to slow modestly from about 2.4% in 2023 to 1.6% in 2024, before accelerating to 2.6% in 2025. Wealth Outlook 2024 | Regional outlook