Deutsche Bank-Macro Forecasts monthly update (PDF) - 2024-01-01-105681056

MonthlyupdateDate01January2024Researchteamforecasts@list.db.comTheHouseView-MacroForecastsispartofTheHouseViewsuiteofproducts.Thisreportsummarizesmacroeconomic,fixedincome,foreignexchangeandcommoditiesforecastspublishedbyDeutscheBankResearch.Allforecastshavebeenpublishedpreviously;pleasenotenochangesarefirstpublishedinthisreport.Visitourclientportalathttp://research.db.comforthereportsinwhichforecastsgetfirstpublished.Allforecastsareuptodateasof4:00amUKtimeonthedayofpublication.Changesrelativetothepreviousmonthlyeditionarehighlighted(bluefiguresdenoteupward,blue/underlinedfiguresdenotedownwardrevisions).Distributedon:01/01/202404:22:11GMT________________________________________________________________________________________________________________DeutscheBankAG/LondonDISCLOSURESANDANALYSTCERTIFICATIONSARELOCATEDINAPPENDIX1.MCI(P)041/10/2023.7T2se3r0Ot6kwoPa01January2024TheHouseView-MacroForecasts:MonthlyupdateRealGDP,ConsumerPriceInflation,CurrentAccount,FiscalBalanceRealGDPConsumerPriceInflationCurrentAccountFiscalBalance(%growth)(%yoy)(%ofGDP)(%ofGDP)20222023E2024F2025F20222023E2024F2025F20222023E2024F2025F20222023E2024F2025FDevelopedMarkets-3.7-3.2-3.5-3.5-5.4-6.2-6.0-6.0UnitedStates1.92.40.71.98.04.12.22.41.83.64.04.6-7.1-5.1-5.2-3.6Japan0.91.70.61.02.53.22.92.0-0.71.11.51.6-3.6-3.5-3.2-3.04.25.95.95.5-2...