The Economist January 2024. Discover stories from this section and more in the list of contents. S ome years it is hard to identify the main event, much less sum it up in a word.

Global growth is projected to stay at 3.1 percent in 2024 and rise to 3.2 percent in 2025. Most importantly, inflation is falling in much of the world and some central bankers have signaled likely interest.