Tensions in the Middle East and North Africa have once again brought geopolitical risks to the forefront of oil markets.

We discuss two of the key themes from our latest Cyclical Outlook that are likely to drive the global economy in the year ahead.

While the UK election result reduces Brexit uncertainty significantly, it doesn’t eliminate it. Will there be an extension of the transition period? How will any deal affect the economy?

In its December forecasts, the Federal Reserve estimates that the policy rate will hold steady through 2020. Will economic and trade developments change that view?