Monthly Market Highlights – December 2023
Reflecting on 2023, the year was marked by numerous global geopolitical developments, with the technology and business sectors closely monitoring the significant progress of artificial intelligence in its first full year of flourishing. If the 21st century is indeed the era for women, then 2023 could be recognised as the year when girls harnessed their economic influence. Female expenditure asserted itself as a formidable economic factor last year, leaving a substantial impact on cities and nations.
The US economy surpassed expectations in 2023 by avoiding a recession, the year in which most economists expected a recession. Following a promising start in 2023, Chinese economic performance has notably fallen short of expectations, characterised by a sharp decline in exports and a downturn in the real estate sector.
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