At the beginning of 2022, I shared VisualCapitalist's predictions for the year, and then at the end of the year, we checked to see how well they did.
Since they posted a 2024 version, I figured, why not do it again?
via VisualCapitalist.
You can find forecasts anywhere … but since they're basically guesswork and I don't know what data they are using or excluding, I don't spend much time on them.
That said, I found this infographic easy to look at and think about. So, it's as good a place to start as any. Also, VC draws from a database of 700 expert forecasts to make this chart.
Some are pretty easy to predict – like GenAI's shift to text-to-video. Or, an increase in lawsuits and regulations around AI. Others are questionable. In the past few months, we've seen TikTok investing heavily in the growth of its e-commerce business. Insiders have stated they believe they're trying to compete with Amazon. We'll see how that goes?
On a positive note, it seems like most are predicting positive effects on the market & economy, including a decrease in inflation and interest rates, bonds on the way back, and record highs in the S&P 500.
I'd love to hear your predictions. What do you think?
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