Global Scans · Economy · Weekly Summary

DRIVER: The global economy still faces serious headwinds and political uncertainty potentially balanced by the enormous promise of technological advancements in many fields. Read on to get a solid handle on the opportunities and risks you and your organization may likely face and set your sails accordingly.

• [New] The ABI expects AI to provide greater depth of insight from smart product data and IoT technology, enhancing understanding and management of risk, and enabling more tailored products. Genasys
• [New] Despite higher expected rapeseed supply, EU prices have been firm due to dry conditions in Canada and geopolitical tensions in the Middle East, as well as ongoing discussions in the United States about increasing the volume of biodiesel blended into some other fuels. ADM Investor Services
• [New] Mass production of the Apple smart glasses is slated to begin in 2 Q 2027, with 3-5 million units projected to ship in the first year. Gadgets 360
• [New] Key statistics on AI's economic potential: AI technology is projected to increase revenue by $15 trillion by the end of the decade, with some estimates suggesting $15.7 trillion in revenue by 2030. SuperAGI
• [New] AI technology is projected to increase revenue by $15 trillion by the end of the decade, with some estimates suggesting $15.7 trillion in revenue by 2030, boosting local economies' GDP by an additional 26%. SuperAGI
• [New] The projected price for the Fetch ai in 2040 is estimated to range between $195.96 and $240.90 with an average trading price of $210.74. https://cryptodisrupt.com
• [New] Fetch ai has the potential to experience substantial growth, with the maximum expected price hovering around $4.39 in 2031. https://cryptodisrupt.com
• [New] Technological developments in energy storage, transportation, and production will gradually reshape the strategic importance of the Persian Gulf, potentially reducing Iran's geographic leverage over time. Discovery Alert
• [New] Japan's economic recovery remains fragile, especially in light of US tariff hikes targeting sectors like automobiles, which pose downside risks to manufacturing and exports. Krungsri2020
• [New] The US economy is expected to slow further in the second half of the year, pressured by tight financial conditions, increasing delinquency rates, and rising inflation risk amid ongoing trade policy uncertainty and escalating conflict in the Middle East. Krungsri2020
• [New] Russia's ongoing efforts to expand drone production are having a more immediate impact on the frontline in Ukraine, although Russia will continue to benefit from enhanced drone production capabilities during any future conflict. Institute for the Study of War
• [New] There are opportunities in abundance - growing global demand, high price margins, and new trade agreements with China - but also significant hurdles: community backlash, lack of standards, and weak supply chain coordination. vietnamnews.vn
• [New] From 2024 to 2030, data center electricity consumption grows by around 15% per year, more than four times faster than the growth of total electricity consumption from all other sectors. IEA
• [New] The tariff shock will hamper the growth of emerging economies, initially through a slowdown in US and global demand. economic-research.bnpparibas.com
• [New] Inflation in the U.S. will spike in mid-2025 and reach 3.9% by the end of 2025, driven primarily by the cascading effects of trade barriers. ROGER MONTGOMERY
• [New] Trump was referring to Canada's digital services tax, which was enacted last year and forecast to bring in Can $5.9 billion (U.S. $4.2 billion) over five years. hurriyetdailynews.com
• [New] We expect Latin America to see modest growth, with momentum in Brazil softening amid tighter financial conditions and fiscal constraints, and growth in Mexico constrained by trade tensions with the US. MIT OpenCourseWare
• [New] Japan's economic recovery remains modest, with GDP growth projected at 0.7% in 2025, following a 0.1% advance in 2024. MIT OpenCourseWare
• A joint US-Israeli war in Iran harms American interests and would threaten American lives while draining resources and diverting strategic attention from pressing priorities. Blog.hu
• The potential for infectious diseases to destabilize economies and challenge global security underscores the interconnections of health and economic stability. BioMed Central
• The global health landscape has been increasingly challenged by the emergence and reemergence of infectious diseases, posing significant threats not only to public health but also to economic stability and international security. BioMed Central
• Geopolitical events remain among the most unpredictable factors influencing crude oil prices today, capable of triggering rapid price spikes that ripple through global markets. Discovery Alert

Last updated: 01 July 2025