Prospects 2020
International
Manufacturing
The global downturn in manufacturing activity will persist and may deepen, weakening GDP growth prospects worldwide
US economy
US growth will slow but only gently, provided that the weakness in manufacturing does not spread to other sectors
Emerging economies
Emerging markets will struggle to achieve a widely forecast rebound as common and idiosyncratic risks are rising
Fossil fuels
Oil markets are likely run a small surplus in early-mid 2020; price support rests on Saudi Arabia keeping OPEC to quotas
Cybersecurity
Cybersecurity will focus on the US presidential election next year
Global economy
Global growth is stabilising at a weak pace, and forecasts of trade rebounding robustly may be premature
NATO
NATO’s next five years will see disharmony, growth, adaptation, modernisation and structural and technical strengthening
Misinformation
Misinformation and disinformation (deliberate misinformation) are becoming pressing concerns for societies
Automobile sector
Global vehicle sales and production are unlikely to recover to current levels until 2023, but the market is diversifying
Global trade
The US-China trade conflict and fears for WTO functionality are disrupting multilateralism, but regional deals progress
Digital privacy
Online privacy will be a key political battleground in the coming years
