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Macro and Market

International Elections: A Year of Change in 2024

Major elections in 2024 may redefine global economic dynamics.

09/25/2024

Key Takeaways

More than 2 billion individuals in 60 countries representing half the global economy are going to the polls in 2024.

Investors are monitoring these elections, as their outcomes could significantly affect international economic policies, trade agreements and market dynamics.

We’ve summarized major elections in the Americas, Europe, Asia and more to give you a quick overview of outcomes so far.

2024 Presidential Election Insights

Stay on top of economic and market impacts in a high-stakes election year.

Glossary

Default

Failure of a debtor to make timely payments of interest and principal as they become due, or to meet some other provision of a bond indenture. In the event of default, bondholders may make claims against the assets of the issuer to recoup their principal.

Inflation

Inflation, sometimes referred to as headline inflation, reflects rising prices for consumer goods and services, or equivalently, a declining value of money. Core inflation excludes food and energy prices, which tend to be volatile. It is the opposite of deflation (see Deflation).

Sovereign debt

A country's own government-issued debt, priced in its native currency, that can be sold to investors in other countries to raise needed funds. For example, U.S. Treasury debt is U.S. sovereign debt, and would be referred to as sovereign debt when bought by foreign investors. Conversely, debt issued by foreign governments and priced in their currencies would be sovereign debt to U.S. investors.

Sustainability

Sustainability focuses on meeting the needs of the present without compromising the ability of future generations to meet their needs. There are many different approaches to Sustainability, with motives varying from positive societal impact, to wanting to achieve competitive financial results, or both. Methods of sustainable investing include active share ownership, integration of ESG factors, thematic investing, impact investing and exclusion among others.

This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.

Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results.