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The first quarter of 2024 has surprised on the economic front. Instead of the anticipated slowdown, coupled with US outperformance ending, what we saw was global economic activity picking up and stronger-than-expected global growth. The US posted better-than-expected Q4 2023 GDP figures and positive manufacturing and services surveys. The big surprise was ...
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I am very pleased to be with you today to talk about the changes taking place in our payment system and the wider financial system, driven by the advancing digitalisation of financial services. • Digitalisation has already profoundly altered practices in the payments sector: we are using cash less and less in day-to-day transactions as we turn to electronic ...