Mar 11, 2025 / 09:00AM GMT
Charles Russon - Absa Group Ltd - Interim Group CEO
Good morning, and thank you for joining us for Absa Group's 2024 results presentation. I will cover our operating environment, share my thoughts on where we are as a Group and talk to our divisional performances. Thereafter, Deon Raju, our Financial Director, will unpack our financial performance before we take your questions.
Last year, the global economy held steady with real GDP growth of around 3.3%, a resilient labor market or the US growing an estimated 2.8%, while a difficult domestic environment meant China's growth slipped to about 5%. Europe's performance remained due with Germany still in recession and the euro area growing by less than 1%.
Looking ahead, the global economic environment is likely to remain uncertain, largely due to the sweeping and dramatic changes being announced by the new US administration, reflecting in part a concern on the inflationary impact of increased tariffs, the US Federal Reserve vector to pursue a shallower cutting cycle, while monetary policy across other major economies is expected to reflect
Full Year 2024 Absa Group Ltd Earnings Call Transcript
Mar 11, 2025
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