With a promising projection of over 76% internet access among sub-Saharan Africans by 2040 and a GDP expected to soar to USD 4.5 Trillion within the same timeframe, the digital revolution unveils unprecedented avenues to tap into this burgeoning future market.
Building back better is one of the most discussed ideas in tourism this year, particularly in Europe, and especially in the context of the post-pandemic rebound. Euromonitor International’s Sustainable Travel Index offers unique insights into resilience, overtourism, and value creation.
Global inflationary pressures are predicted to moderate further over 2023 and 2024. Slower economic growth, stricter monetary policies of the central banks and supply chain improvements contribute to the price stabilisation. However, there are divergent inflation trends in the largest economies due to differences in the economic performance, labour and energy markets.
China’s post-pandemic economic recovery is slowing, following declining demand for the country’s exports and sluggish growth of domestic consumption. Ongoing real estate market problems spark concerns over the stability of China’s financial system, risking a deeper downturn for the Chinese economy. Weakening growth and rising risks in the world’s second largest economy can have significant impacts on the global economy, with important implications for global businesses and consumers. Euromonitor International answers the most frequently-asked questions around China’s economic challenges.
International trade and foreign investments are quickly changing in Vietnam. This is creating new opportunities for businesses and connections in Southeast Asia.
The United Arab Emirates and Saudi Arabia are exceptions to global inflation trends due to factors such as high profit margins, low sales tax, franchising dominance, discounters and local manufacturing, regulatory changes, oil prices and state spending, in addition to exchange rate and interest rate dynamics. These factors have helped maintain price stability and low inflation rates in these economies, despite global turmoil.
Supply chain optimisation is one of the key trends in the manufacturing sector that will shape the global manufacturing landscape over the next decade. Increased economic uncertainty, rising geopolitical tensions, the need to improve operational efficiency and still prevalent transportation bottlenecks drive the need to improve supply chain resilience to better withstand future shocks.
In 2022 central banks globally rapidly raised interest rates to counter inflation. Yet, with diverging monetary policies and economic trajectories between the US and other key economies, the US dollar reached a two-decade high against other major currencies. This has significant implications for the global economy, businesses and consumers. This article explores the drivers, impact and outlook on the US dollar surge.