The May 2024 Chief Economists Outlook explores key trends in the global economy, including the latest outlook for growth, inflation, monetary and fiscal policy, and the implications of recent geopolitical and domestic political developments. This series of reports draws on the individual and collective perspectives of a group of leading chief economists through consultations with the World Economic Forum’s Chief Economists Community and a regular Chief Economists Survey.

This latest edition of the Chief Economists Outlook launches amid a mood of cautious optimism about the global economy. This optimism is tempered by the uncertainty about geopolitical and domestic political developments, which are seen as sources of volatility this year. Despite some brightening of the near-term growth outlook, the latest results point to growing challenges for businesses and policy-makers. However, the views on the long-term prospects for the global economy are encouraging, with many policy opportunities to boost growth across high- and low-income economies.