Global economic uncertainty and potential slowdowns, influenced by geopolitical conflicts like the Middle East conflict and IMF growth forecast downgrades, could reduce corporate spending on consulting services, affecting CRAI's revenue growth.

Changes in merger and acquisition (M&A) activity are a key driver for CRAI's large Antitrust and Competition Economics practice. While recent data showed strong M&A activity, macroeconomic headwinds and rising inflation expectations could lead to a slowdown, potentially impacting demand for CRAI's services.

An active and evolving regulatory environment, particularly concerning digital economies and new sectors like cryptocurrency, can increase demand for CRAI's specialized expert testimony and litigation support services. CRAI has recently strengthened its expertise in digital markets, positioning it to benefit from new regulations.