2023 Economic Review

  • Economic Performance in 2023 Exceeded Expectations

Dynamics of Major Global Economies

  • United States
  • Eurozone
  • United Kingdom
  • China
  • Rest of Asia

2024 Economic Outlook

  • Further Decline in Inflation in 2024
  • Limited Economic Recession Risk
  • Policy Interest Rates Tending Towards Stability, Japan Possibly Exiting Yield Curve Control
  • Facing Multiple Uncertainties - Inflation Targets, Economic Growth, and Geopolitical Control
  • Neutral View on the U.S. Dollar, Duration Playing a Greater Role


Appendix A - 2024 Regional Analysis

Appendix B - Bitcoin ETF Revolution: From Operation Principles to Market Impact