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2024 Midyear Global Outlook: Waves of transformation
The world could be undergoing a transformation on par with the Industrial Revolution – thanks to a potential surge in investment in artificial intelligence (AI), the low-carbon transition and a rewiring of global supply chains. But the speed, size and impact of that investment is highly uncertain. And it comes against an unusual economic backdrop post-pandemic: sticky inflation, higher interest rates, weaker trend growth and high public debt. We think taking risk by leaning into the transformation and adapting as the outlook changes will be key. The new regime of greater macro and market volatility has taken hold, ... (full story)