STANDARD Chartered expects global gross domestic product (GDP) growth to slow marginally to 2.9 percent in 2024 from 3.1 percent in 2023. As a result, the world economy should be able to achieve a soft landing after the most aggressive monetary tightening cycle in years.

This year's Global Focus publication, which looks ahead at some of the key economic trends to come in 2024, argues that the lagged impact of aggressive central bank tightening is likely to be felt most acutely in developed economies, where the bank sees average growth slowing to around 1.2 percent in 2024.