Jim Power: Potentially seismic political developments to influence global economics in 2024

The central scenario seems to be that inflationary pressures will continue to gradually ease, but it is unlikely to be a smooth path as tight labour markets continue to pressurise services sector inflation

'If Donald Trump manages to make it to the starting line, there is every chance he could become the next US president,' writes Jim Power. Picture: Andrew Kelly via AP

We have learned to our cost in recent years that political actions can have significant economic and financial consequences. 

Brexit, the election of Donald Trump, and Vladimir Putin’s illegal invasion of Ukraine all provide extreme examples of political actions that had and continue to have profound economic implications.