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Global Economic Outlook: Q1 2023
Lan Ha
At the outset of 2023, the global economy has seen some positive signs as inflation and energy prices ease from their peak levels. China’s end of zero-COVID policy also provides some growth impulses, though its full impact has not yet been unfolded. Nevertheless, the global macroeconomic environment remains challenging for economies, business and consumers in the year ahead.
Top Three Automotive and Mobility Trends in 2023
Fransua Vytautas Razvadauskas
In 2023, new light vehicle sales are forecast to fall by 7.0% as the global economic slowdown curbs consumer spending on big items such as new cars. Yet the year will continue to be an inflection point for the automotive and mobility industries, shaped by rising sustainability pressures, technological progress and changing consumer preferences.
Turkey: The Impact of Inflation on Retail Tissue
Isam Arshad
The retail tissue in industry in Turkey is facing significant challenges given the hyperinflationary forces impacting the economy. Growth opportunities will largely be driven by private label or value for money products, as shoppers trade down and turn to discounters. Euromonitor International predicts decreasing volumes for products such as kitchen towels and paper tableware, as consumers cut back to only the necessities, even as the country’s population has grown. As such, brand manufacturers will need to look to local production and promotions to keep their pricing competitive.
Davos 2023: How Global Risks are Playing Out for Business and Consumers
Euromonitor International
The World Economic Forum’s annual meeting in Davos, Switzerland shines a light on the global economy and the big themes shaping the world. The central theme for 2023 is “Cooperation in a Fragmented World”, as the global economy is experiencing a polycrisis, with multiple interconnected risks weighing on economies, business and consumers.
Global Economy 2023 Q&A: Outlook Shaped by Geopolitical Risks, Inflation and End of China's Zero-COVID Policy
Maxim Hofer
Our recent webinar Global Economy 2023 discussed the outlook for the global economy this year. We have received a significant amount of questions, not all of which could be addressed during the live Q&A session. This article provides some of the highlights.
PEST Analysis: Why it Matters for Key Business Decisions
Maxim Hofer
PEST analysis helps you proactively make the right business decisions. Read this article to understand how this research tool can help prevent risk and spot areas for growth.