Volume 4 – 10 Jan 2024
Look Forward
Funding the Future
Welcome to Look Forward. In this issue, our teams take you inside some of the biggest trends shaping the business world and global economy from now until the end of the decade.
For my entire career, I’ve been working with data —for energy markets, to manage risk and to make strategic investments. The data and analysis in this report point to a future in which leaders face a more challenging and costly operating environment. At a time when the need to finance economic growth, climate resilience, the energy transition and aging populations is as great as ever, decision-makers must also confront higher debt levels, higher interest rates and higher degrees of fragmentation within and among nations.
Despite the uneven state of global affairs, I remain optimistic about the years ahead. I still believe in the value of public-private partnerships and in the power of technology and innovation to execute and finance the transition to a sustainable future. Finding solutions won’t be straightforward, but leaders have the data and insights to inform their thinking and to propel organizations to success.
In closing, I want to thank Look Forward’s researchers, analysts, writers and editors for the fabulous work they do, and I want to thank you, our readers, for your interest in the insights our teams have uncovered about the themes transforming our world.
S&P Global
Douglas L. Peterson
Special Advisor, S&P Global
Sponsors & Contributors
S&P Global Ratings
Alexandra Dimitrijevic
Global Head of Research & Development
S&P Global Commodity Insights
Atul Arya, Ph.D.
Senior Vice President and Chief Energy Strategist
S&P Global
Martina L. Cheung
President & CEO, S&P Global
S&P Global Mobility
Ali Adim
Senior Research Analyst, Supply Chain & Technology
S&P Global Ratings
Marion Amiot
Head of Climate Economics & European Economist
S&P Global Mobility
Tim Armstrong
Senior Vice President, Planning Solutions
Tim Armstrong heads Automotive Planning Solutions at S&P Global Mobility.
S&P Global Ratings
Terence Chan, CFA
Managing Director and Senior Research Fellow, Credit Research & Insights
S&P Global Ratings
Miriam Fernández, CFA
Director, AI Research Specialist
S&P Global Ratings
Paul Gruenwald, Ph.D.
Global Chief Economist
S&P Global
Nathan Hunt
Head of Content and Digital Marketing
S&P Global Ratings
Christine Ip
Associate, Credit Research APAC
S&P Global Market Intelligence
Alexander Johnston
Senior Research Analyst, 451 Research
S&P Global Ratings
Sudeep Kesh
Chief Innovation Officer
S&P Global
Shankar Krishnamurthy
Head of EssentialTech COE and Innovation, S&P Global
S&P Global Ratings
Gregg Lemos-Stein
Chief Analytical Officer, Corporate Ratings
Gregg Lemos-Stein is a Managing Director and Chief Analytical Officer for Corporate Ratings at S&P Global Ratings.
S&P Global Commodity Insights
Jeff Meyer
Director, Energy and Mobility
S&P Global Ratings
Marko Mrsnik
Managing Director, Sovereign Ratings
S&P Global Ratings
Joydeep Mukherji
Sector Lead, Sovereign Ratings, Americas
S&P Global Sustainable1
Paul Munday
Director, Global Climate Adaptation & Resilience Specialist
Paul Munday is a Director, Global Climate Adaptation & Resilience Specialist at S&P Global Ratings, where he leads and coordinates S&P Global Ratings’ research and application of climate adaptation and resilience analytics. He works at the interface between data and research, leveraging his expertise to help improve clarity of the credit impacts from climate risks.
S&P Global Commodity Insights
Carlos Pascual
Head of Geopolitics & International Affairs
S&P Global Market Intelligence
Nick Patience
Research Director
Nick Patience is a Managing Analyst with S&P Global Market Intelligence, with responsibility for 451 Research’s coverage of Data, AI, Analytics, Information Security and Risk.
S&P Global Ratings
Jose Perez-Gorozpe
Head of Credit Research Emerging Markets
S&P Global Ratings
Roberto Sifon-Arevalo
Global Head of Sovereign & MLI Ratings
S&P Global Ratings
Eunice Tan
Head of Credit Research, Asia-Pacific
S&P Global Ratings
David Tesher
Head of Credit Research, North America
David Tesher is a Managing Director and the Head of U.S. Corporate Research at S&P Global Ratings.
S&P Global Ratings
Samuel Tilleray
Associate Director, Sovereign Ratings,
Emmanuel Volland
Global Sector Lead, Financial Institutions
S&P Global Ratings
Paul Watters, CFA
Managing Director, Head of European Credit Research
Paul Watters is Head of European Credit Research for S&P Global Ratings. Since 2017 he has been the chair of S&P’s European Credit Conditions Committee where senior analysts and economists examine macro credit trends and risks factors that may broadly impact Credit Ratings.
S&P Global Market Intelligence
Ken Wattret
Vice-President, Global Economics
Ken Wattret is the Global Economist within the Analysis and Insights team at S&P Global Market Intelligence.
S&P Global Market Intelligence
Ruth Yang
Managing Director, Global Head of Ratings Thought Leadership
As Global Head of Private Markets & Thought Leadership, Ruth Yang is responsible for developing and expanding S&P Global Ratings’ coverage of private credit alongside the franchise’s market engagement in both public and private markets through thought leadership outreach.
S&P Global Ratings
Yucheng Zheng
Director, Credit Research & Insights
Key Support
Lead Editors
Ellen White, Editor
Claire Wilson, Senior Editorial Manager
Project Manager
Alexandra Krief, Director, Business Manager
Production Manager
Brianne Paschen, Senior Manager of Visual Design
Copy Editors
Mary Minton, Editor
Matt Schick, Senior Editor
Head of Editorial, Design & Publishing Team
Ken Fredman
Content Strategy
Nathan Hunt, Vice President of Content and Digital Marketing
Communications
Christopher Krantz, Head of of Reputation and Corporate Communications
Website Development
Kurt Burger, Marketing Specialist
Social Outreach
Camille McManus, Marketing Specialist
Designer
Carla Donaghey, Senior Designer