Four economic trends that will shape forecasting and planning in 2024
Leading economic indicators suggest that the U.S. economy may face challenges towards the end of 2023 and into 2024. Potential headwinds could create volatility in different businesses and the economy asynchronously.
Business leaders must address these challenges with non-linear planning to prepare for this season. These leaders must prepare for bumps in the road and scenario planning to address the Federal Reserve’s potential policy changes.
To navigate the challenging market ahead, Prevedere’s economist team has identified four trends to take into consideration when building forecasts and plans in 2024:
Fed’s Rate Hikes
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About Prevedere, Inc.
Prevedere is the world’s leading provider of predictive analytics technology and solutions based on econometric modeling, enabling intelligent enterprises to understand and quantify the impact of external factors as part of their strategic planning and forecasting. Our global data repository and patented AI platform enable financial executives and operational planners to identify market drivers, quantify the future impact of economic volatility, generate performance forecasts, and optimize plans based on market foresight.
Prevedere’s automated AI model monitoring provides an early warning system when unplanned market shifts and anomalies are predicted, enabling planners to future proof business performance. Many of the world’s leading consumer packaged goods, retail, logistics, and manufacturing companies leverage Prevedere to generate economic intelligence, spot market opportunities, mitigate risks, and deliver exclusive competitive advantage.