JANUARY 2024 INDUSTRY NEWS AND TRENDS
As a new year begins, the risks to watch out for are already gathering on the horizon. According to CFO.com, economic uncertainty, scarcer access to capital, and cyber threats are three of the top five risks that should be on every financial leader’s watchlist.
At a time when venture funding is drying up and VC firms are contracting, it’s harder than ever to find the money to fund a startup. This HBR article looks at a group of entrepreneurs who were able to secure financing for their business to find out how they beat the odds in a challenging economy. Focusing on product-market fit for a minimum viable product and finding creative ways to do more with less capital are critical capabilities for early-stage businesses.
The latest Economic Confidence Index from Gallup indicates that consumers are still feeling apprehensive about the U.S. economy, with the largest share of Americans—45%—rating current economic conditions as poor and only 5% describing them as excellent.
In its latest World Economic Outlook, the IMF forecast that global gross domestic product will grow by 3.1% in 2024, a 0.2 percentage increase from its previous forecast. It also forecast a rise to 3.2% in 2025. However, the IMF’s chief economist warned that the pace of expansion was slow and that turbulence may still lie ahead for the global economy.