Publish Driving Forces Learn

Economy

DRIVER: The global economy still faces serious headwinds and political uncertainty potentially balanced by the enormous promise of technological advancements in many fields. Read on to get a solid handle on the opportunities and risks you and your organization may likely face and set your sails accordingly.

[New] Last week's blowout retail-sales report implies that gross domestic product could rise by more than 10% in the first half of 2021, and that the unemployment rate could decline to 3% or lower by the end of 2022.
[New] The global market for 3D printing products and services is expected to reach nearly $41bn in 2024 at a compound annual growth rate of 26.4%.
[New] We see demand for naphtha and propane increasing by 1.7% per year out to 2050, but for consumption to peak in the late 2040s as circular economy trends eat into demand for primary petrochemical feedstocks.
[New] India has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting to swiftly implement a series of tax treaty measures to update international tax rules and lessen the opportunity for tax avoidance by multinational enterprises.
[New] The electric vehicle (EV) market, for example, is booming and only expected to gather pace, as evidenced by the meteoric rise of Tesla's share price, which gained more than 700% in the space of a year.
[New] Biden has pledged the US will switch to an emissions-free power sector within 14 years, and have an entirely emissions-free economy by 2050.
[New] Imports Intra Eu - Mineral Fuels & Oils & Distillation Products in the United Kingdom is expected to be GBP 846.60 Million by the end of this quarter.
[New] In the long-term, the United Kingdom Imports of Intra EU - Live Animals is projected to trend around GBP 32.62 Million in 2022.
[New] There is a clear need to deepen understanding of the nature of political risk in the economic relationship with China.
[New] 5G is set to create a wave of opportunity not just for the telecommunications industry, but for the global economy, with opportunities stemming from the use of 5G in everything from industrial automation to remote surgery.
[New] The United States will need to construct an extensive transport network to move CO 2 from capture facilities and develop underground injection sites to store it.
[New] The United States could lose up to as much as $1.3 trillion in gross domestic product, and $2,700 per person in household spending in 2021, which is $1,300 more than the recent stimulus check that each American received from President Biden's administration.
[New] Automakers and other manufacturers in the ZEV supply chain are preparing to invest heavily in EVs, 5 but they will continue building their vehicles and components overseas unless we show them there is a market for their products in the U.S.
[New] Investment bank UBS is forecasting price rises for lithium products in 2021 and for electric vehicles to account for 40% of new vehicle sales by 2030, driving an eight-fold lithium demand increase.
[New] Economists expect tectonic shifts in the global economy to occur in the next few decades, with developing countries becoming far more powerful and wealthy.
[New] The Biden administration's plan for a global minimum corporate tax risks backfiring on the US and West as the rise of consumers in India and China shifts sales to Asia, tax experts have warned.
[New] Asia Pacific nations like China and India will show tremendous growth from the Banking-as-a-Service (BaaS) global marketplace because of increase in job opportunities.
[New] The United States and Japan recognize that digital economy and emerging technologies have the potential to transform societies and bring about tremendous economic opportunities.
[New] Romania's net general government debt soared to 42.9% of GDP at the end of 2020, 10.9 pp up y/y, and is expected to further increase to 48.5% by the end of 2021, but to peak at 51.3% at the end of 2023 to further decline.
[New] The rationales for bringing Romania back from the negative watch list include the resilience demonstrated by Romania's economy in 2020 when it contracted by only 3.9% and its expected recovery in 2021, seen at 5%.

Last updated: 20 April 2021

Economy

Login