Looking back at 2023, it’s hard to believe how quickly the year went by. It seemed like just yesterday we were ringing in the new year, and now here we are, already looking ahead to what 2024 will bring. Despite our challenges, particularly with the ongoing pandemic, 2023 was a year of progress and innovation. From technological advances to scientific breakthroughs, there were many reasons to be hopeful for the future. Of course, there were also moments of sadness and loss, but it’s important to remember our resilience and strength in the face of adversity. As we move forward into 2024, here are my predictions for 2024 some positive some negative.
Unsplash: Kajetan Sumila
Global Recession:
Reason: The interest rate is increasing day by day and it is expected to Skyrocket in 2024 Growth in the economy will be positive but lower than the long-run average. Unemployment is expected to rise. The economy is currently facing various risks, with geo-political concerns being the most pressing. The ongoing war in Israel is a clear indication of Iran’s efforts to weaken U.S. allies, including Ukraine. Additionally, Chinese pressure on Taiwan is also a cause for concern. If Venezuela invades Guyana’s oil fields, the United States might have to step in and offer support, which would leave it vulnerable to other potential challenges.
Geopolitical conflict :
The Russia- Ukraine conflict will continue till the start of 2024 but eventually die off, Russia will not formally propose that the war has been ended but it will eventually die off. The Palestine conflict, it is a century-old conflict, A cease-fire will happen but the conflict won’t die off as a whole and may occur again during November or December of 2024.
Afghanistan Unexpected growth:
Afghanistan is now taken over by the Taliban, It is unlikely that the original government will be able to take over, The entire Afghanistan will be under the Taliban for the next year, although that’s not too bad as Afghanistan is prospering under the Taliban, a census states that Afghanistan had the fastest economic growth in the world, which is very unexpected for sure
In the graph you can see that the growth is phenomenal, it is expected that this will continue and we may see Afghanistan as a global superpower. However, this might not be celebrated by some sections of the Afghani society because of the controversial thought process of the Taliban along with its partiality.
AI: A Marvel or Menace? —
AI or artificial intelligence has become a talk since the Popularity of ChatGpt by Open AI which reshaped the IT industry. Open AI is going to launch Q* Probably this year, And it will be a game changer if realized because this AI will be the first AGI in the world, what is AGI? It stands for Artificial General Intelligence, An AI that is so advanced it will completely replace human beings and is 10 times better that the Best AI we have. Q Star(Q*) is a secretive project by OpenAI so very less is known about it, but i bet you if Q* is released it will change the entire Artificial intelligence landscape
Climate crisis:
Though temperature records from December have yet to be finalized, climate scientists at the National Oceanic and Atmospheric Administration have found there’s a more than 99% chancethat 2023 will have the hottest recorded global average temperature, beating out 2016, the previous leader.
The record-breaking year helped fuel climate-driven disasters around the globe — from extreme heat that plagued Arizona for weeks, to devastating floods in Libya, to record-hot oceans that caused corals to bleach off Florida. Scientists say the extreme temperatures are in line with forecasts for how the planet will continue to warm.
“If we don’t change things if we keep going on the trajectory that we’re going, we will look back at 2023 and think of it as: remember that year that wasn’t so bad?” says Tessa Hill, a marine scientist at the University of California Davis.
Kera news
India is the new China —
As we navigate through macroeconomic and technological trends, it is important not to overlook geopolitical trends. These trends are just as significant, if not more so. One such trend is the phenomenon of “globalization,” which involves the reorganization of supply chains due to rising labor costs, cost-saving investments such as robotization, a need for diversification, and evolving geopolitical objectives. This trend is most visible in the deteriorating relationship between the United States and China India plays a crucial role in this context. As the world’s most populous country, India is currently experiencing rapid economic growth, with increasing urbanization, industrialization, and rising household incomes, similar to China’s growth trajectory in recent decades. Given its young population, India is likely to maintain its position as the world’s fastest-growing economy over the next 10–20 years, barring any major policy errors or negative shocks. This makes India an important player in global economic growth throughout the 2020s and 2030s.Unlike China, India is the world’s largest democracy, a factor that can influence foreign investment and international relations. Democratic governance can provide a more predictable and stable environment for long-term investments. Conversely, China has been grappling with uncertainty in recent years, with various economic challenges, including stock market volatility, debt crises, and other pressures.
Conclusion —
The information here is taken from various sources namely wearedevelopers.com and Forbes along with News articles like Hindustan Times, UN Greenly,earth, Kera News and several more all of these are compiled by me. I am not 100% certain on all of them but all my predictions are supported by data on the internet and my personal opinion
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