We think that the development of the global economy over the next years will be determined by long-term trends, so-called megatrends. These will also be decisive for the positive or negative development of investments:
Demography: Populations and prosperity are growing in developing countries, while developed economies face ageing populations.
Globalisation: The increasing economic integration of the world continues to progress due to falling costs of information and transportation.
Complexity: Production processes, value chains and legal regulations are becoming more and more complicated. Interactive effects become less predictable.
Services: The importance of the service sector is increasing relative to other industries worldwide.
Lifestyle: The demand for products that do not serve the satisfaction of basic demands but deliver intangible values or are connected with a certain lifestyle is rising disproportionately worldwide.
Environment: The protection of the environment is becoming more and more important with regard to the rising number of people and global environmental problems such as climate change.
Privatisation: The pressure to reduce budget deficits is leading to a shift in governmental tasks to the private sector. Governments, however, retain their influence through increased regulation.
Disruptive Technologies: Many groundbreaking innovations are about to be used on a large scale. They will transform life, business, and the global economy. These new technologies are:
- Mobile internet
- Automation of knowledge work
- The internet of things
- Cloud technology
- Advanced robotics
- Autonomous vehicles
- Next-generation genomics
- Energy storage
- 3D Printing
- Advanced materials
- Advanced resource exploration and recovery
- Renewable Energy