In the World

future

10 Themes for the Next 10 Years

BofAML | We enter the next decade with interest rates at 5,000-year lows, the largest asset bubble in history, a planet that is heating up, and a deflationary profile of debt, disruption and demographics. We will end it with nearly 1bn people added to the world, a rapidly ageing population, up to 800mn people facing the threat of job automation and the environment on the brink of catastrophic change. At the same time, 3bn more people will be connected online and global data knowledge will be 32x greater than today. The social, political and economic responses to these challenges, all heading to a boiling point this decade, will overhaul traditional paradigms.


data

Personal data isn’t the ‘new oil,’ it’s a way to manipulate capitalism

Kean Birch (The Conversation)| If it’s us, the individuals, who are the assets, then our reflexive understanding of this and its implications — in other words, the awareness that everything we do can be mined to target us with adverts and exploit us through personalized pricing or micro-transactions — means that we can, do and will knowingly alter the way we behave in a deliberate attempt to game capitalism too.




global growth

What recession?

Jessie J. (Unigestion) | Growth drivers have stabilised considerably since June, following the end of the slowdown that started in January 2018. The “mid-cycle” pause called by Fed Chair Jerome Powell has led to a one-of-a-kind situation: world growth remains decent while monetary policy has become once again incrementally more accommodative.


kering catwalk

Big firms are growing at a similar rate than the world’s

Ofelia Marín-Lozano | In November we already know the results of the first three quarters of 2019. And, in general, there have been no big surprises. The large global companies, European and North American, have registered sales increases in line with the nominal growth of the global economy, close to 4.5% (3% real growth plus 1.5% inflation).





french yellow vest

Taxes, the unpopular conundrum

Fernando G. Urbaneja | In France, president Macron, making good arguments, although not explaining them enough, wanted to raise taxes on fuel and millions of citizens forced him to back down. In Ecuador, President Lenin Moreno has gone through such a trance for the same reason. In Chile, President Piñera is on the verge of eviction for the attempt to raise urban transport rates.