The report "Industry Outlook 2024" by EIU discusses the key trends and challenges that businesses will face in six major sectors: automotive, consumer goods and retailing, energy, financial services, healthcare, and technology and telecoms.
Key takeaways:
⚫ Global automotive sector will be weighed down by slow consumer spending, high interest rates, and the transition to electric vehicles
⚫ Global retail sales are expected to expand by 6.7% in US dollar terms and by 2% in real terms as inflation eases
⚫ Global energy consumption will increase to 1.8% in 2024, driven largely by demand from Asia
⚫ FinTech companies will continue to disrupt the financial services industry
⚫ Pharmaceutical companies will face new regulations over manufacturing standards in India and market entry requirements in the EU
⚫ AI is expected to have a major impact on the technology and telecoms sector, with applications in areas such as cloud computing, data analytics, and cybersecurity
