Yakub02
Banned
There are factors that are likely to re shape the global economy and business in the year 2023 among which are the followings.
# GEOOLITICS - Russia’s invasion of Ukraine, US-China tension, energy politics and climate change interplay, political alliances of expediency, conflicts in Iran, Israeli-Palestinian conflict, India population to overtake China as world’s number one.
# ECONOMY - Inverted yield curve, looming recession, rising inflation and interest rates, negative real returns on investments, individual & corporate migration, strong USD and exchange rate volatility for the rest of the world, investors’ confidence and flight to safety.
# SOCIAL CONFLICTS -Polarization, poverty and rising inequality, food shortage and energy insecurity, cost of living crisis, labour unrest, declining wages, youth unemployment, governance and trust
# DE-GLOBALISATION -China re-opening and Covid-19 resurgence, supply chain disruption, international trade and reversing globalization, far right politics.
# TECHNOLOGY- Metaverse, AI (ChatGPT), Crypto’s repricing and reality check, refocusing on blockchain utility, quest for regulations, disruptive innovation
It is pertinent for everyone in this century especially those in the world of business to be up and doing information wise and to prepare ahead for economic challenge that is looming.
The socio political global economy in line with diverse awareness on information technology is key factor to be put into consideration when taking steps towards national , business and economic decisions.
# GEOOLITICS - Russia’s invasion of Ukraine, US-China tension, energy politics and climate change interplay, political alliances of expediency, conflicts in Iran, Israeli-Palestinian conflict, India population to overtake China as world’s number one.
# ECONOMY - Inverted yield curve, looming recession, rising inflation and interest rates, negative real returns on investments, individual & corporate migration, strong USD and exchange rate volatility for the rest of the world, investors’ confidence and flight to safety.
# SOCIAL CONFLICTS -Polarization, poverty and rising inequality, food shortage and energy insecurity, cost of living crisis, labour unrest, declining wages, youth unemployment, governance and trust
# DE-GLOBALISATION -China re-opening and Covid-19 resurgence, supply chain disruption, international trade and reversing globalization, far right politics.
# TECHNOLOGY- Metaverse, AI (ChatGPT), Crypto’s repricing and reality check, refocusing on blockchain utility, quest for regulations, disruptive innovation
It is pertinent for everyone in this century especially those in the world of business to be up and doing information wise and to prepare ahead for economic challenge that is looming.
The socio political global economy in line with diverse awareness on information technology is key factor to be put into consideration when taking steps towards national , business and economic decisions.
