Global Economy Perspectives

Getting to know the growth prospects of the global economy can help companies realize growth opportunities.

Economic Growth. Global growth continues in a smooth downward path, led by the weakness of the industrial sector and exports in a context of high uncertainty on trade tensions.

Downward Global Growth. Domestic demand remains broadly resilient across regions, but it is growing at a more moderate pace.

Domestic Demand Remains Resilient. But the world is behaving differently in each region.

Challenges

We live in a world in constant change, which causes companies to face important challenges:

Digitalisation

Blockchain, advanced robotics, and the internet of things (IoT) are going to drive economies over the next decade. The World Economic Forum estimates that taken together, the cumulative value of digital transformation stands at almost $13 trillion. Scaling this up across all industries, the value of digital transformation to the global economy could reach more.

Climate Change: Renewable Energies

As financial supervisors and central banks have been persistently warning in recent years, the climate-change effects on the real economy pose serious threats to the stability of the global financial system.

Global primary energy demand plateaus after 2035 despite strong population expansion and economic growth. After more than a century of rapid growth, global energy demand shows growth slowing and plateauing around 2030, primarily driven by the penetration of renewable energy sources into the energy mix.

Raw Materials: Oil & Gold

The price of a barrel of oil has risen markedly to date this year. Gold continues in a positive trend.

Automotive Industry

Electric mobility continues to grow rapidly. In 2018, the global electric car fleet exceeded 5.1 million, up 2 million from the previous year and almost double the number of new electric car registrations.

The world has plenty of opportunities and with you, VRG is ready to grasp the challenge. We will be prepared if we face these challenges together because, as Alfredo Di Stéfano said: “None of us are as good as all of us.”