National and regional economic growth strategies
Develop long-term economic strategies for competitive and sustainable growth
We have worked with several European governments, Ministries of Finance and UK Local Authorities to develop their strategies to achieve competitive and sustainable economic growth. We start from assessing the economy’s strengths and weaknesses and identifying the opportunities and threats they face. This current state assessment uncovers the economy’s current and potential comparative advantages that should inform the development of a long-term strategy.
We combine macroeconomic analysis with insights from in-country PwC experts to define an inspiring vision piece for the economy and develop an economic strategy to achieve it. We also analyse short- to long-term trends in sectors, drawing on PwC experts to identify what sectors and subsectors might drive growth going forward. We have experience working with policymakers, academia and the private sector to develop policy recommendations and reforms that will help the economy work towards achieving this goal.
Risk outlook for a global insurers
Global economic risk outlook for the risk committee of a global insurer
We were asked to provide a view on the global and regional macroeconomic outlook over a short to medium timeframe as well as implications for the longer term. We used horizon scanning to develop plausible future macroeconomic scenarios and identify the potential risks facing the global economy. For deep dives into the key risks we identified, we performed bespoke scenario analysis focused on the trigger points, mechanisms and impacts which could then be mapped to the client’s credit risk exposures.
We used this analysis to develop a framework to present to the Credit Risk subcommittee and to facilitate future discussions on the macroeconomic outlook.
Digitalisation Index in a G20 economy
Digitalisation Index in a G20 economy
We supported the Ministry of Communication and Information Technology in a G20 economy to build a national digitisation transformation index that was able to track digital maturity and progress in key sectors.
We developed an index of digitisation based around a framework that categorises its key enablers, including the efficiency of the regulatory and policy environment, the soundness of the ICT infrastructure and the readiness of households and businesses to make use of digital goods and services. Using appropriate weighting and aggregation, the index provides a digital transformation score for priority sectors and the economy as a whole.
The index has allowed the country’s Government to benchmark its own digital transformation journey against its peers as well as global digital leaders, providing a key framework for driving and evaluating the implementation of the digital strategy. The index is a crucial tool in communicating the country’s progress to investors, to businesses and to citizens.
Transforming Singapore as a Global City
Helping Singapore shape its future as a leading global city
We helped the Singaporean National Population and Talent Division (NPTD) to understand how the city-state’s competitiveness could change following recent changes to its demographics. Our holistic approach to city management involved tailored benchmark analysis of Singapore and nine comparator world cities, which allowed us to identify the existing and potential future gaps in the city’s demographic, economic, sustainability and infrastructure policies. We then developed three scenarios to model the impacts of different policies Singapore could implement for the future, enabling the city-state to maintain its position as a world city beyond 2030.