
Finance Summit Qatar
A world in motion, a region on the rise
What economic trends, innovation, and the race to net zero mean for the global economy, the Middle East, and global financial markets
Finance Summit Qatar
What economic trends, innovation, and the race to net zero mean for the global economy, the Middle East, and global financial markets
This “Decade of Transformation” has already brought significant changes in the global economic, political, societal, and environmental landscape. But, we think a more positive secular backdrop remains possible. Explore the stories below to learn more about some of the key opportunities in this decade of transformation.
Each of these opportunities also has a flipside to it that could make for a more challenging environment in the years ahead.
Central banks may come under increasing political pressure to ease monetary policy early, particularly if economic pain begins to mount. In some instances, governments may enact fiscal measures that directly or indirectly counteract central bank objectives. This could prolong the current economic adjustment period, and lead to currency and economic volatility at a local level.
Skills and materials that help achieve the green transition will remain in high demand over the coming years, and the need for energy security only exacerbates the potential for shortages that may drive energy and commodity prices higher. Policies that try and put a price on environmental externalities could lead to higher inflation for a number of years.
While the era of security could boost investment and R&D, it might also sacrifice efficiencies, lowering potential economic growth. The re-establishment of trade barriers in pursuit of national security would do the same and could also contribute to higher inflation.
Technological transformation can bring about economic and societal challenges. Capital-intensive and “labor-lite” innovations could concentrate wealth in fewer hands, potentially stimulating populist narratives. It is also worth monitoring how the recent changes in working arrangements will affect labor force participation and productivity in the long term.
Despite heightened risks to the near-term outlook, lower equity valuations and higher bond yields should also be supportive of stronger returns for diversified portfolios in the decade ahead.
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