2024: A Year of Global Economic Challenges and Resilience

As 2024 comes to a close, the global economy has endured a challenging period, yet signs of recovery offer hope for the coming year. Despite economic slowdowns, a robust labor market has provided some stability. The global GDP growth rate for 2024 fell short of expectations, but monetary policies implemented by various governments helped stabilize the economy. Inflation rates declined, with subsidies on essential services like housing and electricity playing a pivotal role in this improvement.

The U.S. economy showed signs of recovery during the second quarter of 2024. According to a Deloitte report, consumer spending and business investments significantly strengthened the U.S. economic landscape.

Nepal's stock market also experienced positive momentum in 2024. The NEPSE index witnessed growth driven by key sectors such as hydropower, banking, and microfinance. Policy support from the government boosted investor confidence during the year. However, towards the end of the year, a dip in investor trust became evident.

Overall, 2024 marked the beginning of an economic revival. Sustaining this recovery in the coming years will depend heavily on policy stability and international collaboration.