Top 2023 Trends

1.     Saudi Arabia attracts foreign investments

Saudi Arabia is the largest economy in the Middle East and through the years it has been growing thanks to its richness in natural resources and the implementation of legal reforms aimed to improve the economy and the ease of doing business. The country has proposed the Vision 2030 plan which includes several sectors such as renewable energy, infrastructure, tourism, technology, and others.

2.     Mexico City becomes the new Miami

As the US diversifies from China, Mexico is set to benefit from Nearshoring. For foreign companies, Mexico is a good way to diversify their supply Chain and mitigate geopolitical risks. Mexico also offers a better lifestyle at lower and more affordable prices and with decent taxes. Besides the huge impact of manufacturing in Mexico, its capital will also benefit as more companies, and ex-pats, will look to relocate there, driving Real Estate prices up and revitalizing the economy and consumption.

3.     Electric Vehicles rise

Tesla dominates the electric vehicles sector and has proven some of its detractors wrong as it becomes very profitable, even after reducing prices twice in the last weeks. However, while Musk focuses on Twitter and other distractions, there are some other competitors out there that will want to overtake Tesla’s dominant position in the market. The trend towards reducing human dependency on fossil fuels and adopting alternatives such as renewable energy supports the growth of this developing sector.

4.     Revenge Travel booms

When the pandemic hit, the whole world stopped, forcing us to reduce consumption, as it was a super uncertain environment, thus increasing wealthy people’s savings. Now that the economies are fully opened, people have got back to their travel plans and it is expected to continue growing as people feel like they must get their time back. Also, the home office is a huge driving force in revenge travel, as more people can travel while working from anywhere.

5.     Post-Covid ignites Chinese Internet Sector

Before the pandemic, the Chinese Internet sector was set to grow exponentially, and it did until 2021 when the Chinese government started to apply some heavy regulations and fines. Up until the beginning of 2023, the companies in this sector have lost around 60% to 70% of their values but now that the Chinese economy is set to finally open and lift their “zero-covid policies”, there is a huge possibility for these companies to recover.

6.     Real uses for NFTs are found

NFTs have gained popularity in recent years as a way for creators to monetize their digital content and for collectors to own unique digital assets.

NFTs are tokens that we can use to represent ownership of unique items such as artwork and real estate; which are already starting to happen. Tokenizing these real-world tangible assets makes buying, selling, and trading them more efficient. This dynamic could be the future of some transactions and reduces exponentially the possibility of fraud.

7.     Private investments in Aerospace grow

Private sector participation in space, mostly driven by billionaires, such as Jeff Bezos and Richard Branson, resulted in solid growth in the space economy in recent years. The segment registered strong growth in the past two years in orbital and spacecraft launches. Numerous opportunities, including in-space manufacturing, asteroid mining, space tourism, and space-based solar power, are driving significant interest from private companies, and investors.

8.     The US reasserts dominance in the Investments World

After going through tough times, in a year without elections, the US positions itself once again as an economic leader. China will have to wait a few more years for now. Despite the current macroeconomic situation, the US economy is growing, inflation is lowering the USD is the strongest currency, and it continues to raise and attract brilliant professionals.  We expect regulations to hit the high-tech monopolies and this could ignite innovation even further in the medium term.  

9.     Obesity drives Wellness investments

Stressful and unhealthy lifestyles are particularly affecting the younger populations. Obesity is a huge concern around the world because it can cause premature deaths, it affects the quality of life, and it hits public sectors budgets related to healthcare. There are some devices and applications related to obesity-treatment that are gaining importance, and attracting more private investments.  The Wellness sector will grow, but particularly through obesity-related investments.

10.  Chat GPT generates new innovations

As AI technology continues to advance, it has the potential to revolutionize many areas of our lives and transform the way we live and work. The newest and revolutionary Chat GPT has made everyone re-think the actual need for some activities that could be replaced by this language model. This chat is trained to understand and respond to any question. As users, it is possible to ask for a history summary, an investment proposal, a new brand design, and even a specific weight loss diet.