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:
â« Global automotive sector will be weighed down by slow consumer spending, high interest rates, and the transition to electric vehicles
â« Global retail sales are expected to expand by 6.7% in US dollar terms and by 2% in real terms as inflation eases
â« Global energy consumption will increase to 1.8% in 2024, driven largely by demand from Asia
â« FinTech companies will continue to disrupt the financial services industry
â« Pharmaceutical companies will face new regulations over manufacturing standards in India and market entry requirements in the EU
â« 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