Businesses in Wales are already gearing up for the year ahead and, as the economy emerges from the longest recession in a century, company bosses say confidence is now at its highest for five years.
Our Business Correspondent Carole Green has been looking at the opportunities and challenges the year may bring.
Steve Dalton, managing director of Sony in Pencoed, says that it's still a "tough and volatile market" and they have to work hard to find solutions. He told ITV News that although it's difficult to predict how business will be for the whole 12 months, the first quarter is "looking positive."
Robert Lloyd Griffiths, regional director of the Institute of Directors in Wales, told ITV News businesses are more "confident and relaxed" going into the new year.
He said there are always challenges ahead, but Welsh business overcame "a number of knocks" in 2013 and he's confident it will overcome any obstacles in 2014.
Businesses are reporting they're feeling at their most confident about the economic outlook since the financial crash five years ago according to a survey out today by the Institute Of Directors. It follows another recent positive poll from the Federation of Small Businesses in Wales.
Ahead of the Chancellor's Autumn Statement this afternoon the Institute of Directors in Wales has issued an overriding message that he must stick to his fiscal targets, whilst ensuring the transport and energy infrastructure and tax system provide a firm basis for economic recovery.