ANNUAL FORECASTS

2015 Annual Forecast

Jan 12, 2015 | 10:30 GMT

2014 was the year in which the world was finally shaken out of complacency. Ukraine triggered Russia's inevitable confrontation with the United States and Europe. Economic malaise in Europe became impossible to ignore. An intensifying anti-corruption drive in China exposed how far and deep the Chinese leadership is willing to go manage dissent.

2014 was the year in which the world was finally shaken out of complacency. Ukraine triggered Russia's inevitable confrontation with the United States and Europe. Economic malaise in Europe became impossible to ignore. An anti-corruption drive in China exposed how far and deep Chinese leadership is willing to go manage dissent.

(Andy Buchanan - WPA Pool/Getty Images)

Overview

As we look at what 2015 holds in store, we know the oil markets are oversupplied, Europe and China will continue to stagnate, and Russia will work under heavy constraints to deny the West a strong foothold in crucial areas of its periphery while the rest of the world deals with the repercussions of these trends. The ebb and flow of this tumult is covered in the forecast that follows. ...

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