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Digitally delivered services aid emerging markets’ GDP

Location:

INT

Relatively lower costs give emerging markets (EMs) a comparative advantage in digitally delivered services (DDS)

Carbon pricing will grow, but slowly and unevenly

Location:

INT

Nearly 50 countries have carbon pricing schemes and USD500bn has been raised in revenue, USD104bn last year alone

Chinese-made electric cars will attract Western wrath

Location:

INT

Chinese-manufactured BEVs are cheaper than Western models, accounting for nearly 10% of EU sales and 50% of imports

Trade shifting from multilateralism to smaller groups

Location:

INT

The WTO meeting may struggle to reach agreement on fishing and farming, let alone on dispute resolution or digital trade

Higher rates for longer will fuel corporate distress

Location:

INT

Firms need to repay or roll over some USD5.5tn of corporate debt obligations in 2024, with interest rates still high

Trade rebound does not match regional demand outlooks

Location:

INT

Estimates see world trade rebounding from sub-1% to 3.5% in 2024, even though all regions are slowing or growing slowly

Prosperity and sustainability show little correlation

Location:

INT

The mismatch between economic prosperity and environmental sustainability impedes national and global climate action

Total foreign firms leaving Russia will rise further

Location:

RUSSIA

A compulsory bureaucratic bottleneck and a 50% discount on the sale price have slowed down firms’ departure

Globalisation evolves as FDI and supply chains shift

Location:

INT

Friend-shoring is outstripping near-shoring in the remaking of supply chains

Near- and friend-shoring markedly alter trade flows

Location:

INT

The United States, Europe and Japan are trading more together and less with China, which is trading more with Russia