At the G20 meeting in Brazil, finance leaders expressed optimism about the global economy achieving a soft landing, buoyed by quicker-than-anticipated disinflation. However, the draft closing statement from the meeting highlights the ongoing geopolitical tensions, particularly the conflicts in Ukraine and Gaza, as significant challenges. The IMF recently improved its global growth forecast for 2024 to 3.1%, thanks to stronger-than-expected performance in the US and fiscal measures from China, despite the backdrop of geopolitical and geoeconomic tensions.