Investor Presentation
Profile / Strategy / Sustainability / Environment / Financials / Appendix
Global Economy
Global recovery is expected to slowly pick up in 2024
Global growth has bottomed out in 2023. The expectation in October that 2024 will grow at 3.2%. Prices have also responded to
monetary tightening. However, it will be slower than anticipated in the coming years.
Global growth is still below the historical average of 3.8% with slight
improvement next year.
Global Inflation expectations have shifted from April to Oct. Higher
inflation rates may last longer than initially anticipated.
Economic Outlook (%)
Inflation Expectations (%)
3.0 3.0
2.9
-3.2
1.8
2.1
1.5
1.8
5.2
4.5
5.0
4.2
1.9
2.8
4.0
7.0
4.9
3.93.6
6.9
5.8
4.6 4.2
4.7
2.6
4.6
3.0
2.22.0
2.11.9
Hanli uma
July
World
Oct
1.0
0.9
1.5
0.7
0.8
July
Oct
July
Oct
July
Oct
July
Oct
April
Oct
April
US
Euro Area
China
Saudi Arabia
World
2023
■2024
Advanced
2023 2024 2025 2026
Global PMI
Sep-23
49.1
+0.6%
Jun-23
Fed Funds (%)
Upper
48.8
5.50
Riyad Bank - Investor Presentation - 30/09/23
25bps
Lower
USD Index
Sep-23
5.25
106.2
Sources: FRED, GASTAT, Riyad Bank
8.6
8.5
7.8
6.5
6.2
5.7
5.2
4.7
Oct
April
Oct
Emerging
+3.2%
Jun-23
3M SOFR (%)
Sep-23 +25bps
Jun-23
10y Treasury Yield
Sep-23 +70bps
Jun-23
Brent Oil ($/b)
Sep-23
+22.3%
Jun-23
102.9
5.31
5.06
4.50
3.80
92.20 75.41
General Business
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