World Economic Forum’s Outlook

An outlook to Growth with Central Bankers & Economic Leaders

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The World Economic Forum Annual Meeting held at Davos-Klosters, Switzerland last January 21-24, 2015 has tackled a lot of major issues facing the world today. Of course this statement is a given when we speak about organizations such as weforum.org whose main objective is to address primary concerns that affect people on a global scale. It has been a tremendous challenge to all population in general how one action can echo to bigger, deeper impact to the society as a whole. Growth jumpstarted from the beginning of Industrial Revolution and it has not stopped since then. There can be a lot of disagreeing factor depending on where people are coming from in their experience, cultural background, and so forth but inarguably, growth is everywhere. Maybe not at the same speed and rate, but developed and developing countries plays the protagonist role in the drama of revolution.

On Topic: International Trade and Investment

Speakers: Haruhiko Kuroda, Min Zhu, Mark J. Carney, Joaquim Levy, Laurence Fink,Benoît Coeuré

“The challenge is actually how to engage people to want to invest. That has always been the question”. As that concern being raised by Coeuré. The issue of lowering interest rate will affect the decision of the investors or how this factors are balanced in the market. But he proposed 1. Carrying on with the investment projects without hesitation but careful estimation 2. Educating population about economic concerns that affect the regular person that will ultimately lead to correct proposal and better understanding.

global business expansion

2 Main reasons that affect the Global Market (GDP)
2.1 Major oil price decline
2.2 Bank sector’s decision-factor

The decline of Japan?

The 3 arrows of Abenomics has stirred up criticisms all over the world but according to Kuroda, the aggressive monetary easing, government stimulation & substantial structure reforms has rendered positive results so far. Improvement has been slow but stable and that everyone should just be patient and allow progress to show itself in the coming years. In addition, 3% increase in female labor participation is anticipated to take place as Shinzo Abe encourage more women to take roles of leadership and step up to the challenge. Currently, the relaxing of visa policies for foreign talents and reduced corporate tax burden has paved the way for increase too. Foreign investments are more welcomed and by nature, things will settle down for good.

Taking advantage of Brazil’s low interest rate

A good opportunity has sprung in the brim of Brazil’s venturing economy. Low interest rates have attracted more investors and strengthened physical surplus. Levy said they’re in the process of getting prices realigned. The regulatory infrastructure framework provides full confidence. What’s more, their population is relatively young which marks a rising composition that will aid in the potential growth. Thus, agile economy + emerging markets = growth. As evidenced by lower energy prices in the country.

European Union stronger than ever
Benoît Coeuré confidently stated “ There are no other banks safer than theirs.” They have maintained a high degree of coordination between European countries.

Summary

With all of this factors being discussed, it all boils down to the importance of the Technology to achieving world economic growth. It makes trade more accessible and efficient and makes the production of services, goods and deliverables faster. Moreover,the impact of technology on wages is evident on our daily life. The ability to adopt is in determination. Sharing elements {use of Cloud Services, non-full time employees} has increased efficiency and sustainability in the long run. Cyber resiliency must be promoted all throughout the world especially to unheard places.Because “Technology Pessimism” makes the frontiers unproductive. Whose to say that technology is for enhancement or obsolescence? Let’s just take the positive voice of digital technology and use it to our advantage. Secondly, we must also broaden our view on other sectors. Diversification is among us. Third, reallocate resources for the capital markets.And finally, take well into consideration the effect of low-income countries. We must lend them a helping hand to build micro foundation growth, ease climate change and hold developmental agendas as a priority.

FG Communications Specialist
A simple tourist of the mundane living in the city slopes of a tropical island. A juxtapositional idealist and creative director of all things imaginary who specializes in scratch, possibilities and IT skills among other things.

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