The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
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Learn moreNov 2017
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Global economic growth is gaining pace. In Q2 2017, global real GDP increased by 3.7% year on year, which marked quarterly growth unseen since 2014. Some major economies are witnessing consumer and business sentiment at levels unseen in several years. Financial markets have been on the rise, while Central Banks largely seem in no hurry to normalise interest rates. We estimate the global economy to close 2017 with 3.6% real GDP growth for the year, firming up to 3.7% in 2018.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
Some major economies are witnessing consumer and business sentiment at levels unseen in several years. Financial markets have been on the rise, while Central Banks largely seem in no hurry to normalise interest rates and tone down the appetite for risk.
In our baseline, we estimate the global economy to continue performing strongly in Q3 and close 2017 with 3.6% real GDP growth for the year, firming up to 3.7% in 2018. We have upgraded our baseline forecasts for both advanced economies and emerging markets to 2.1% and 4.9%, respectively, in 2017. The Eurozone, Canada and Japan are exhibiting higher than expected growth. Economic recovery is gradually gaining momentum in Russia and Brazil.
Brexit negotiations continue without any sign of a much-needed breakthrough, and the prevailing uncertainty threatens to hold back the UK economy and business growth. NAFTA negotiations thus far have not yielded results either. Ending NAFTA and reverting to WTO trade rules could result in negative implications not only for Mexico and Canada, but also for the US.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.