Around the world, uncertainty is rife. Political agendas and social expectations are changing. Global, regional and national institutions are weakening. Power is shifting. And technology is disrupting everything.

In 2016, we led our Emerging Trends report with the prediction that ‘no normal will become the new normal’. This year, we see a continuation of many of those trends. Political uncertainty will undoubtedly continue, both in the developed and the emerging markets. Funding, as opposed to finance, will continue to be a key challenge, even while governments strive to develop innovative mechanisms to unlock their pipelines. The demand to get more from existing investments will only heighten.