Prospects 2015

North America

Policy gridlock will ensue in Washington, while states may push through some reforms

Congress may push more aggressive policy on security in Asia in 2015

GDP growth in 2015 is likely to be in the 3.0-3.25% range, supported by a tighter labour market

Low gas prices will imperil some alternative energy projects, but long-term trends still favour the industry

The Middle East will be a key market in 2015 as European spending declines and China looks for domestic production

None of the United States's regional policy initiatives is likely to show clear success in 2015