As we gather to examine the multifaceted challenges facing the global economy, we find ourselves at a pivotal moment. Leaning on a positive macro backdrop, our research indicates a promising outlook for Q3 2024, underpinned by steady global growth.

The US job market is getting better, and so are equities and home prices. The euro area is seeing a cyclical recovery after two years of stagnation. The U.S. shows resilience in investment banking and asset management, despite emerging risks and global volatility. Private markets face fundraising challenges but are seeing growth in sectors like private debt and infrastructure. Overall, cautious optimism prevails with central banks potentially easing monetary policies amid declining inflation. The upcoming U.S. elections carry substantial implications for international economic policies, trade relations, and market dynamics. Climate change continues to manifest in increasingly severe ways and demands urgent and coordinated action to ensure economic stability and sustainability. Lastly, we cannot ignore the U.S. and global tech sector’s aggressive spending on machine learning and AI programs.

I am also delighted to announce that Acuity Knowledge Partners has acquired PPA Group, a leading technology-enabled service provider offering bespoke structuring of global financial and ESG data for commercial lending and ESG analysis. This acquisition enhances our commercial lending offerings and expands our global reach. Read the press release here.

I hope you find this edition engaging and we look forward to hearing from you on how Acuity could be a strategic staff augmentation and technology transformation partner to you in your growth journey.

Gyanendra N Pati, Global Head of Marketing & Communications

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