Table of Contents
Key Global Trends in Global Economy
It is estimated that on a global level, liquids consumption is bound to increase the most in the industrial and transportation sectors.
Rising oil prices will result in both a switch toward alternative fuel sources and a reduction in consumption in the residential and commercial sectors.
Growing quality of life and projected increase in spending power per person are believed to result in a rise in energy consumption in the transportation sector.
Of the four sectors, the industrial sector has been forecasted as one of the biggest consumers of energy.
Global Economic Background
Key Takeaway: The global economy was projected to grow at an average rate of just over x % per annum from 2011 to 2050, doubling in size by 2032 and nearly doubling again by 2050.
•Global economy saw a humble growth rate of x % in 2013.
•Japan managed to tackle its 10-year long deflation.
•The economic situation in Europe started to look better, with the GDP showing signs of improvement.
•Inflation rates for most developing economies in South Asia and Africa remained under x %.
•Export numbers and global trade declined as a result of stalled growth in developing countries.
•On a positive note, the average growth rates for middle-income countries continue to be the highest; least developed countries (LDCs) are expected to experience positive growth as well.
Key Long-term Trends Expected
Emerging market companies are expected to pose a threat to multi-national corporations, representing a major shift in the global competitive landscape.
Economists concurred that the end of eurozone recession, US’ recovery, and the economic slowdown in China were the key drivers of a comforting economy in 2014.
Among the BRICS nations, Brazil and Russia were expected to grow by x and x %, respectively, while India and China posed x and x %, respectively, in 2014.
As the world moves toward a cleantech-enabled transformation, global corporations would need to develop strategic plans to adapt to change.
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