The future of the world is always an uncertain one, and predicting its trajectory takes a keen eye and skill. Looking insightful into the current state of world affairs and where it’s all heading, Mish’s Outlook for 2024 provides readers with an intriguing glimpse of what seems in store for humanity in the coming years.
For starters, Mish’s Outlook predicts that the United States will be suffering from “depression,” a result of years of economic stagnation and rising inequality. Compounding this problem will be the increasing geopolitical tensions between China and Russia and the growing struggle between the two world powers. As the world continues to move away from conventional wisdom and traditional alliances, a “new world order” is likely to emerge in the next five years, creating a harsh transition for many countries.
At the same time, Mish’s Outlook notes that the year 2024 could see the continuation of “economic expansion” in Asia. In particular, Mish predicts that China and India are going to be the world’s major economic powerhouses, with both countries poised to become major players in the global economy. India, for example, could see its Gross Domestic Product (GDP) per capita surge above that of the United States before the end of 2025.
Mish’s Outlook also notes that the internet of things (IoT) will continue to become ever more integrated into our daily lives, together with artificial intelligence (AI), which “will be a regular presence in many homes and businesses by the end of 2024.” The rise of “smart cities” is also predicted, with urban infrastructure becoming increasingly connected and data-driven. As a result, many of our routine activities will be monitored, allowing for more targeted services to be offered.
Finally, politics in 2024 could take extreme directions. Mish’s Outlook predicts that more extreme views will become increasingly common, as right and left-wing factions become an ever bigger part of the political landscape. With the rise of populist leaders in different parts of the world, and the waning of conventional wisdom, 2024 could be a volatile year with many unexpected surprises.
Unquestionably, predicting the future is a difficult task and Mish’s Outlook for 2024 should be taken as a thought-provoking glance into the unknown. Regardless, its insights are likely to spark discussions and generate interesting discussion on the current state of the world and what the future might bring.