Frost Radar™: Economic Development, 2024

Frost Radar™: Economic Development, 2024

The United States, Switzerland, and Germany are Global Frontrunners as Sustainability, Manufacturing Competitiveness, and Industry 5.0 Take Center Stage

With persistent geopolitical tensions and the resultant trade fragmentation continuing to shape the global economy, policy priorities among countries—advanced and emerging—are shifting toward macroeconomic frameworks that will insulate them from external shocks. Incremental reforms that support sustainability and Industry 5.0 practices will have profound global implications, thus changing investment trends and redefining economic partnerships.

The realignment of traditional economic alliances, as reshoring and the China+1 strategy gain traction, has led to the emergence of new production hotspots such as India, Vietnam, Saudi Arabia, Indonesia, and Mexico. These countries’ growing economic clout has resulted in establishing a new global order, expanding critical mineral supply chains, and building manufacturing capabilities across industries such as electronics, textiles, automotive, and pharmaceuticals. The integration of these emerging powerhouses into the current Western-driven economic landscape will provide impetus for green energy investments, digitalization of industrial processes, and socio-economic development.

This macroeconomic thought leadership provides a snapshot of future growth potential for the global economy amid ongoing geopolitical and diplomatic shifts. Decision-makers and businesses can leverage insights into country-specific growth opportunities that will take prominence as a result of structural shifts across sectors during the long term.

Key Features

Key topic areas covered:

Outlook of the global economy
Top 10 countries with the highest growth potential
Country case studies