Five big themes

We have identified five big themes which will shape the way businesses, governments and investors operate.

1. A world economy in transition

   With growth increasingly driven by the Asia-Pacific region, we are experiencing a prolonged structural adjustment in mature western economies - contributing to a "New Normal" of slow growth and volatility, and the continuing challenge of climate change.

2. The legacy of the financial crisis

   The process of adjustment in the financial sector and of balance sheets is far from complete; public finances are still badly in need of repair and there is no certainty as to the resilience and capitalisation of the banking sector.

3. Digitally-fuelled growth

   Providing opportunities for new entrants, and for disruption of traditional sectors. Examples include the 4G auction, the rise of public and private consumption data, and digital identies and smart metering.

4. New forms of commissioning, management and delivery in the public sector

   Affecting health, education and other public services, as governments strive to manage their financial commitments more effectively and increase efficiency and service quality. The public sector will encourage more private sector collaboration, outcomes-based structures and technology-driven innovation all to deliver better value for citizens.

5. Further evolution of regulatory structures and policy frameworks

   To address the changed world that is emerging in the "New Normal", and creating new challenges for businesses to engage with policy-makers and regulators on multi-year and/or devolved programmes of reform.