Recapping 2023 as We Look Towards 2024

CHV Group December 2023 Newsletter

Buying & Selling
Advisory
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2023 Recap + 2024 Forecast

We hope that 2023 has been a good year for you and your business! As we observe a 5.2% GDP in the third quarter, it seems excellent, indicating that money is still available for spending. However, considering the Manufacturing Index and other indicators, the consensus for 2024 places it in the 2% range. This is better than the German forecast at -0.4%, considering Germany as the engine for the EU. It's challenging to pinpoint a decisive factor, but being in the finance or social media business offers some advantages, while the rest may find themselves somewhat stuck at the 2% mark.


Use This Link - to view the performance of different Sectors


Use This Link - to view the forecast for 2024.

Strategies for 2024

If you aim to increase market share without engaging in a price war, consider adding products or services. Sometimes, an acquisition allows for immediate profits with a market-proven add-on, bypassing the need for extensive research and development. Our assistance is available for such endeavors.



If your focus is on selling, optimize your operations. If your sales are stagnant, seek ways to maintain or enhance your bottom line through efficiencies. A better bottom line contributes to an increased value for your business.

Happy Holidays!

With that, we wish you all a Merry Christmas, Happy Holidays, and may all your wishes for 2024 come true.

CHV Group LLC| www.chvgroup.com