As the clock strikes midnight and we all collectively bid farewell to the year 2020, the world is beginning to take a collective sigh of relief that we have survived one of the most tumultuous years in modern history. 2020 has been a year of immense economic challenge, rampant political tension, and unprecedented health turmoil worldwide. As we look to the future, we must consider what the world will look like in 2024.
Experts from the field of economics, business, politics, healthcare, and more have already begun to make predictions about what the world could look like in four years. Among those predictions, the stand out forecast comes from renowned technology analyst Mishkin Seyed, whose detailed study of the global landscape has yielded seventeen distinct predictions for the next four years.
Seyed details how she expects advancements in artificial intelligence, cybercrime, the rise of 5G networks, increased automation, and forward-thinking financial models to be game-changers as we continue to navigate our way out of the coronavirus pandemic. Her analysis predicts worldwide economic recovery, with the Middle East showing the largest surge in economic growth. Additionally, she predicts that advancements in healthcare and medical technology will lead to a drastic decrease in global poverty and inequality by the year 2024.
However, one of the most noteworthy predictions made by Seyed is the greater engagement of emerging markets, especially Chinese and Indian citizens, in international markets. Seyed affirms that while current foreign investment regulations may not change, the presence and participation of the Chinese and Indian markets in major global markets such as the European Union, Asia-Pacific economies, and North America will dramatically increase in the next four years.
Similarly, Seyed predicts that the US dollar will remain strong in 2024, but emerging markets such as the Brazilian Real and South African Rand will gain more traction. Seyed also notes that while 2020 served as an eye-opener for global economies, the lack of coordination between nations will still pose an obstacle in the future. She suggests new innovative solutions, emphasizing multi-disciplinary collaboration and research, as the answer to effective economic governance in the coming years.
Finally, Seyed highlights that even though the pandemic will likely give way to technological, economic and social progress in 2024, the most important factor underlying the transformation of the global landscape will be the human effort required to shape the world.
Time will tell if Seyed’s predictions come true, but her projected analysis of the world in 2024 serves as a preliminary blueprint for what the global landscape may look like in years to come. As we look towards the future, we must remember that it is up to us to make our world a better place. Let us all strive to make 2024 a year of positivity, progress, and prosperity.