In 2024, economic predictions are relatively muted with some growth predicted. Leading American bank J.P. Morgan predicts that economic growth will decelerate slightly next year, fluctuating between light expansion and contraction. There are other challenges on the horizon too, and while inflation is expected to cool over the next 12 months, disruptions to consumer demand and falling house prices will likely continue.
Despite these issues, the financial services market remains poised to meet any disruptors that emerge in 2024. Technological development in the industry is robust, and emerging technologies in the financial services industry will ensure its ability to respond well to whatever the year has in store.
