India's ascent to continue as China slows: Wall Street 2024 forecast

Investors stay bullish on Japan despite anticipated monetary policy shift

JACK STONE TRUITT, Nikkei staff writer

NEW YORK -- Forecasts for 2024 by Wall Street banks are cautiously hopeful after a widely anticipated recession failed to materialize despite this year's aggressive monetary tightening by central banks and ongoing geopolitical instability.

Market analysts expect China to settle into a more moderate growth phase and India to continue its ascent as a new powerhouse in 2024, while a fresh economic landscape takes shape after a post-pandemic reshuffle.

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