2024 Predictions from the Leading Global Banks, Financial Institutions and Consultants

Contact RRA consultant | Kanu Rajguru

Macro & Economic Outlook

• BLOOMBERG - Here’s (Almost) Everything Wall Street Expects in 2024 (Article – Macro, Investments, Markets, Sectors, Elections & more) https://www.bloomberg.com/graphics/2024-investment-outlooks/
  
  
• BARCLAYS CIB - Q1 2024 Global Outlook: Light Turbulence, Soft-ish Landing (Article) www.cib.barclays/our-insights/3-point-perspective/q1-2024-global-outlook.html?cid=cid=group_site_Q1%2724GlobalOutlook_
  
  
• DBS PRIVATE BANK - Markets and Economic Outlook 2024: Soft landing? (Article & Report) www.dbs.com.hk/treasures/aics/economics/templatedata/article/generic/data/en/GR/122023/231205_insights_outlook.xml
  
  
• GOLDMAN SACHS - Global Markets Outlook 2024: Towards a Better Balance (Report) www.goldmansachs.com/intelligence/pages/gs-research/global-markets-outlook-2024-towards-a-better-balance/report.pdf
  
  
• GOLDMAN SACHS - Macro outlook 2024: The Hard Part is Over (Report) www.goldmansachs.com/intelligence/pages/gs-research/macro-outlook-2024-the-hard-part-is-over/report.pdf
  
  
• KKR - Global Macro Trends, Outlook for 2024: Glass Half Full (Report) www.kkr.com/content/dam/kkr/insights/pdf/outlook-for-2024-glass-half-full.pdf
  
  
• MASTERCARD - Economic Outlook for 2024: Balancing Prices and Priorities (Report) www.mastercardservices.com/en/advisors/economics/insights/economic-outlook-2024?campaign_id=701UH000001ljUA&channel=pr&2023_q4_eemea_press_e24report=
  
  
• MORGAN STANLEY - Global Macro Economy Outlook 2024: Central Banks Look for ‘Just Right’ on Rates (Article) www.morganstanley.com/ideas/global-macro-economy-outlook-2023
   
• RUSSELL INVESTMENTS – 2024 Global Market Outlook: The Twilight Zone (Article & Report) https://russellinvestments.com/us/global-market-outlook
  
  
• VANGUARD - Economic and Market Outlook for 2024: Global Summary (Article) www.vanguard.co.uk/content/dam/intl/europe/documents/en/vemo-2023-gbp-en-pro.pdf

Banking Sector Outlook

• DELOITTE - 2024 Banking and Capital Markets Outlook (Report) www2.deloitte.com/us/en/insights/industry/financial-services/financial-services-industry-outlooks/banking-industry-outlook.html
  
  
• GOLDMAN SACHS – 2024 M&A Outlook: From Stability to Strength (Report) www.goldmansachs.com/what-we-do/investment-banking/insights/articles/ma-outlook-2024/report.pdf
  
  
• JP MORGAN - What’s the outlook for global M&A in 2024? (Articles & Videos) www.jpmorgan.com/investment-banking/mergers-and-acquisitions-market-outlook
  
  
• MCKINSEY - Global Banking Annual Review 2023: The Great Banking Transition (Article & Report) www.mckinsey.com/industries/financial-services/our-insights/global-banking-annual-review
  
  
• PRIVATE BANKER INTERNATIONAL - Private Banking and Markets in 2024: What’s the Outlook? (Article) https://www.privatebankerinternational.com/comment/private-banking-and-markets-in-2024-whats-the-outlook/?cf-view
  
  
• RETAIL BANKER INTENATIONAL - Looking to 2024: Data, AI and Security will be Top Priorities for Businesses (Article) www.retailbankerinternational.com/comment/2024-data-ai-security-the-top-priorities-for-businesses-nathan-vega-progtegrity/?cf-view
  
  
• S&P GLOBAL RATINGS - Global Banks Outlook 2024: Forewarned Is Forearmed (Report) https://www.spglobal.com/_assets/documents/ratings/research/101569238.pdf
  
  
• THE FINANCIAL BRAND - The Future of Retail Banking: A Look Into the Crystal Ball (Article) https://thefinancialbrand.com/news/banking-trends-strategies/digital-transformation-genai-more-shape-retail-banking-future-172606/

Investment Outlook

• BANK OF AMERICA PRIVATE BANK - Outlook 2024: Positioning Yourself for Future Growth (Article) https://www.privatebank.bankofamerica.com/articles/market-outlook-2024.html


• BARCLAYS PRIVATE BANK - Outlook 2024: A yar of Hard Choices (Report) https://privatebank.barclays.com/content/dam/privatebank-barclays-com/en-gb/private-bank/images/news-and-insights/2023/november/outlook-2024/IBIM11915_MP_FY_Outlook_2024.pdf


• BLACKROCK - 2024 Global Outlook: Grabbing the Wheel, Putting Money to Work (Report) www.blackrock.com/corporate/literature/whitepaper/bii-global-outlook-2024.pdf


• BNP PARIBAS ASSET MANAGEMENT – Investment Outlook 2024 – Stepping into a New Reality (Article & Report) https://viewpoint.bnpparibas-am.com/investment-outlook-2023-investing-in-an-age-of-transformation/


• CITI PRIVATE BANK - Wealth Outlook 2024 (Report) www.privatebank.citibank.com/doc/investments/outlook/Citi_Wealth-Outlook-2024.pdf.coredownload.inline.pdf


• DEUTSCHE BANK - Annual Outlook 2024: Finding Growth (Report) https://www.deutschewealth.com/content/dam/deutschewealth/cio-perspectives/cio-insights-assets/q1-2024/PERSPECTIVES%20Annual%20Outlook%202024%20-%20Finding%20growth.pdf


• FIDELITY - 2024 Stock Market Outlook (Article) https://www.fidelity.com/learning-center/trading-investing/stock-market-outlook


• HSBC GLOBAL PRIVATE BANKING - Q1 2024 Investment Outlook: Opportunities in a Complex World (Report) www.privatebanking.hsbc.com/content/dam/privatebanking/gpb/wealth-insights/investment-insights/house-views/2024/brochure/Q1%202024%20Investment%20Outlook%20-%20Opportunities%20in%20a%20Complex%20World.pdf


• JP MORGAN ASSET MANAGEMENT - 2024 Year-Ahead Outlook: The Last Leg on the Long Road to Normal (Report) https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/Investment%20Outlook%20for%202024.pdf


• JP MORGAN - Market outlook for 2024: Slow Global Growth Clouds Forecast for Equities (Report) www.jpmorgan.com/insights/global-research/outlook/market-outlook


• MORGAN STANLEY – 2024 Investment Outlook: Threading the Needle (Article) www.morganstanley.com/ideas/global-investment-strategy-outlook-2024


• PIMCO - Prime Time for Bonds (Report) https://d1e00ek4ebabms.cloudfront.net/production/uploaded-files/PIMCO_AAO_Browne_Sundstrom_Sharef_Nov23_GBL-cf233a82-a48b-4469-96a1-e63a479b2283.pdf


• SCHRODERS - Outlook 2024: Equities in the Age of the 3D Reset (Article) www.schroders.com/en/global/individual/insights/outlook-2024-equities-in-the-age-of-the-3d-reset/


• STANDARD CHARTERED BANK - Wealth Management Global Chief Investment Office Outlook 2024: Sailing with the Wind https://av.sc.com/corp-en/nr/content/docs/wm-global-market-outlook-sailing-with-the-wind-15-december-2023.pdf


• STATE STREET GLOBAL ADVISORS - 2024 Global Market Outlook: Positioning the Pieces (Report) https://www.ssga.com/library-content/assets/pdf/global/global-market-outlook/2023/gmo-2024-full.pdf


• UBS - Year Ahead 2024: A New World (Articles & Report) https://www.ubs.com/global/en/wealth-management/insights/chief-investment-office/a-new-world.html#summary

HR Trends

• JOSH BERSIN - 2024: The Year That Changes Business Forever (Article & Podcast) https://joshbersin.com/2023/12/2024-the-year-that-changes-business-forever-podcast/

• INC - What Are the Biggest People and Culture Trends for 2024? HR Experts Share What to Expect (Article) https://hrtrendinstitute.com/2022/11/30/9-hr-trends-for-2023-breaking-boundaries/

• HUMAN RESOURCE EXECUTIVE - ‘The year of efficiency:’ Industry leaders forecast 2024 HR trends (Article) https://hrexecutive.com/the-year-of-efficiency-industry-leaders-forecast-2024-hr-trends/ 

• GARTNER HR - Where HR Will Focus in 2024? (Article) https://www.gartner.com/en/articles/where-hr-will-focus-in-2024

• GARTNER HR - 9 Future of Work Trends Most Impacting Your 2024 HR Strategy (Webinar 25th January 2024) www.gartner.com/en/webinar/562817/1270444

Contact

Contact RRA consultant | Kanu Rajguru

Kanu Rajguru
Kanu Rajguru oversees Banking & Financial Services for Middle East & Africa and is a member of the global financial services practice. He has over 26 years executive search and recruitment experience and has completed searches in over 35 countries including for the past 16+ years across the Middle East & Africa.
Mobile: +971 50 845 2830
kanu.rajguru@russellreynolds.com
www.linkedin.com/in/kanurajguru/

Burak Gorbon
Based in our Dubai office, Burak Gorbon is a member of the Middle East leadership team and also heads the firm’s Turkey operations. He advises regional and global clients on their leadership teams and boards. Burak’s focus is on recruiting CEOs, other C-level executives and non-executive directors. He is a trusted advisor to a wide range of  Banks, and other  financial institutions.
Mobile: +971 52 646 5256
Burak.gorbon@russellreynolds.com
www.linkedin.com/in/burakgorbon

Nic Cutts
Nic Cutts is a senior member of the firm’s global Leadership & Succession Practice and Head of Financial Services Advisory Services for Russell Reynolds EMEA. He is a (UK) Chartered Psychologist with over 20 years international consulting experience, having assessed and coached many C-level executives. He has led several large scale M&A and transformation initiatives in the financial services sector, where his consulting services have focused on individual, team and organization-wide initiatives.
Mobile: +971 55 560 9820
Nic.cutts@russellreynolds.com
www.linkedin.com/in/niccutts/