{"id":612879,"date":"2024-01-03T00:00:00","date_gmt":"2024-01-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/03\/are-you-ready-for-the-new-economic-order\/"},"modified":"2024-01-03T00:00:00","modified_gmt":"2024-01-03T00:00:00","slug":"are-you-ready-for-the-new-economic-order","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/03\/are-you-ready-for-the-new-economic-order\/","title":{"rendered":"Are you ready for the new economic order?"},"content":{"rendered":"

Could 2024 be the year when the world completes its transition into a new era of<\/strong> expensive money? <\/strong>While investors are convinced that most of the world\u2019s major central banks have ended the cycle of rate hikes \u2014 a sentiment that has led global stock and bond markets to rally<\/a> in recent weeks \u2014 the implications of a \u201cnew economic order\u201d where interest rates are generally higher are likely to become more evident in 2024, Reuters<\/a> writes. Investors are betting that the US Federal Reserve could trim rates by around 1.5% to 4% by the end of the year.<\/p>\n

Business and consumers are going to face fresh challenges: <\/strong>Everyone, from individual consumers to countries, will have to figure out how to readjust to a high interest rate environment, the newswire writes. While consumers will earn more on their savings, they will have to cope with borrowing rates that could be more than twice as high and some companies will have to restructure their debt.<\/p>\n

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