Inside Track – October 2017
This month’s topics:
- The IMF has just increased GDP forecasts for all advanced economies – with the exception of Spain and the UK.
- The 19th Party Congress has sealed the status of Xi-Jinping – the most powerful Chinese ruler since Mao Zedong.
- To overcome the middle-income trap and to boost productivity, China aims to become world leader in artificial intelligence by 2030 and triple its production of industrial robots over the next three years.
- The latest round of negotiations between the UK and the EU has ground to a virtual halt, largely caused by the UK cabinet’s inability to reach a consensus over the form of Brexit it wants.
- For big techs, the only hedge susceptible to alleviate the coming regulatory backlash is a pledge to refuse tax incentives and to invest in the community by building public goods such as social housing and schools.
- According to the Lancet Commission on pollution and health, pollution in all its forms (air, water, soil) now kills almost 10m people per year or 16% of all deaths worldwide.
- In the coming years, the debate about data privacy and ownership will rage. More regulatory intervention is a given.