The valuation profession cannot ignore mega trends affecting the global economy. Deglobalization stemming from shifting trade policies, debt-fuelled fiscal spending by governments in the U.S. and Europe, persistent inflationary pressures, AI breakthroughs, and the rapid expansion of crypto and private markets are all powerful forces reshaping the investment outlook and valuation landscape. Central banks have the challenging task of setting monetary policies while dealing with trends pulling in opposite directions.

This scene-setting session explores the macroeconomic currents influencing valuation inputs, approaches, and expectations across sectors and geographies. Panellists will examine the implications of interest and discount rate movements, sector-specific trends, climate change, technological transformation, digital currencies, and regulatory developments — providing essential context for valuation professionals navigating a fast-changing global economy.

Technology, especially AI, is transforming valuation practice, from data analysis to scenario modelling. But while the tools evolve, professional judgement, ethics, and standards remain the foundation of trust. This forward-looking discussion explores how the profession can take the lead in shaping valuation’s future, ensuring human oversight where it matters most. Panellists will share real-world applications of AI in valuation today, debate where automation adds value versus where professional scepticism is irreplaceable, and consider how the profession can define the skills, standards, and leadership needed for the next five years and beyond.

Why do valuations for public and private real estate often tell different stories? This session will draw on insights from the IVSC’s Perspectives Paper — to which Kroll experts contributed — as one lens through which to explore the drivers of divergence, including differences in unit of account, liquidity, investment horizon, information asymmetry, governance, and investor sentiment. Panellists will also consider the role of sub-asset class, geography, and market conditions, and debate whether such differences are justified or problematic. The discussion will examine how valuers can better communicate the context, assumptions, and market realities underpinning their conclusions to investors, boards, and regulators.