After the last few years, multinationals are no strangers to volatility in global markets. It has been a turbulent year for the global economy – between upheaval in the UK over Brexit, increasing tension between the US and China, and political unrest in Latin America, uncertainty abounds as we head into next year.
Should multinationals expect more of the same in 2020?
The outlook for 2020
Every year, DuckerFrontier’s Global Economics and Scenarios team puts together an outlook for the global economy to help executives plan for the coming year. Here’s what they’re predicting for 2020:
While many of the disruptors and uncertainties that have characterized 2019 will continue into next year, the global economy will also start to stabilize. There will be pockets of opportunity, notably around:
But executives should also be looking ahead to the expected recovery of growth in 2021. A stabilizing global economy in 2020 will pave the way for a manufacturing and demand rebound the following year, so executives should use 2020 to prepare their plans for growth.
The Global Outlook can help you identify the opportunities to win in 2020 and arm you with the insights and best practices to prepare your company for 2021. To learn more, download the Global Outlook Executive Summary.
Read part two of this article to learn “Three priority actions to get ready for 2020.” You can also read our Regional Outlooks for Asia-Pacific, Latin America, and Europe, Middle East and Africa to dive deeper into each region.