Find out how to mitigate economic risks and seize new business opportunities
How effectively are you managing or will you manage the UK economic risks? Have you identified and are you managing economic risks such as rising reducing costs of money increasing lowering of business costs in general as well as costs of regulations and taxes.
By assessing and controlling economic risks you can minimise your business exposure to economic risks.
Keep up with the latest news opinions and economic risk reviews. Measure and manage the economic risks in the UK. Develop your risk management practices to fiscal economic risks.
Manage UK economic risks to export more and manage domestic risks.
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Evolution of Cyber Risk Management Products and Buyers Of Cyber Insurance Buyers
Cyber towers have historically been purchased by large data holders such as FIs Healthcare Retailers and the Hospitality Industry. Today the threat landscape has changed as has our global reliance on technology.
2017 saw large BI losses emanating from cyber events in non traditional cyber classes such as manufacturing transportation and logistics. We have also witnessed the impact of physical losses stemming from cyber and tech. Thus there has been a marked shift in the demographics of cyber purchasers no longer is this a niche product rather a more holistic product designed for a digitally integrated world.
Is the industry prepared to respond by moving silent cyber out of the shadows and explicitly embrace embedded cyber in traditional policies? This panel will discuss the evolution of the cyber product including the challenges of creating products that cross into traditional P&C lines it will look to the future as to what is next for this rapidly evolving insurance class and it will examine what insurance buyers are really looking for.
Register for International Cyber Risk Management Conference Bermuda 6th to 7th December 2018
Learn more about how cyber insurance is rapidly evolving and how to deploy cyber risk management products better. Find out why you need cyber insurance and what to expect from your purchase.
Register before 30th September 2018 to save $300.
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Register to attend International Cyber Risk Management Conference Bermuda 6th to 7th December 2018
Work with others on ideas to grow your business faster
SME business thinktank on business growth and development. Entrepreneurs and business leaders developing new income more profitably. Focus on reducing costs increasing productivity and maximising profit for small to medium sized businesses in the UK.
Small medium sized businesses in UK growing faster with less uncertainty
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UK economic growth 2018 started more slowly than end of 2017. The UK economy news is normally weaker at the beginning of the calendar year. Most of the UKs economic growth comes as the calendar year progresses.
Governor of the Bank of England Mr Carney
Mr Mark Carney the head of the Bank of England says poor UK economic activity at the beginning of the calendar year 2018 was due to the weather and not UK economic climate.
In addition Mr Carney reports that all slack in the UK economy has been taken up and this is likely to push up UK prices and UK inflation.
With very high levels of employment low levels of unemployment and a million plus job vacancies unfilled it is more likely that wages will increase faster. UK employers will need to pay more to attract candidates and to keep existing staff.
Mr Carney paints a rosier future for the UK economy in 2018 with downside risks including global international trade war. UK interest rates more likely to rise later this year and this should boost value of the UK pound.
Our business intelligence tools and techniques protects your business better. Grow more sustainably with less uncertainty. Look to the horizon to see the threats and opportunities. Put in place the best risk management action plan.
Analyse emerging risks and developing existing risks
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BusinessRiskTV.com How To Expand Your Business Internationally and Locally
Corporate or enterprise entities do not make mistakes or create a bad business culture, executives do. Illegal, unethical or bad business practices arise because that’s the way executives want a company to achieve corporate objectives. Executives may or may not consider their business practices as bad or unethical, but the result is the same – corporate misbehaviour.
Understanding corporate misbehaviour
It may be a pointless waste of money undertaking a business health check if the executives are going to be unreceptive to the final risk management report, or simple pay lip-service to the outcomes.
Many CEOs know what game needs to be played with enterprise risk management ERM before they can return to their own agenda for the business. Internal or external risk management audits can just play into the CEO’s attitude to risk management. Such executives short-term philosophy seems to rely on the hope that the shit doesn’t hit the fan during their time as CEO and whatever happens after they move on is not a concern for some incumbent CEOs.
Much of executive misbehaviour, and therefore corporate misbehaviour, is a direct result of executive pay and associated benefits. Misdirecting executive pay and rewards drives most if not all catastrophic corporate collapses. Before the collapse poor executive pay and rewards strategies poison business innovation and employee motivation.
To anticipate which companies will survive sustainably you could look at how executives are rewarded. It is the single biggest driver of corporate culture and long-term success, or not as the case maybe.
Executive managers cause corporate scandals, corporate scandals are not externally driven. The proximate cause of the corporate scandal or collapse doesn’t start further down the organisation nor does it start from outside the company. CEO bad behaviour is normally the proximate cost or the catalyst for corporate collapse.
Corporate scandals aren’t a surprise to most executives, never mind the CEO. They take the level of risk they think is required to achieve their business objectives. They roll the dice and sometimes it pays off and sometimes it doesn’t.
For example, many in the banking and finance industry look upon the financial crisis as an external risk that impacted on their business strategy. No, or little, blame can be placed at the bankers door! It was all the other bankers and financers who were at fault for their share price collapse, mass redundancies and lost business opportunities – not their fault as their business was doing just fine until the financial crisis tsunami hit their business.
Such egotistical responses stem from either self preservation, or lack of care for their part in the near global systemic financial collapse of the banking and financial sector and the very near global anarchy which would have ensued. Politicians, who were part of the problem, became part of the solution – make money as cheap as possible via low interest rates and massive almost unremitting quantitative easing QE.
Mothers forget how bad childbirth was
More than a decade after the start of the financial crisis there is still mass unemployment in the developed world and the developing world lost a decade of opportunity to crawl out of poverty. However, the key decision-makers in the business world have either forgiven themselves or reinvented themselves in position of power. In addition, a new raft of politicians are in place, or about to find positions of power, to facilitate the next financial crisis.
At its least useful, enterprise risk management ERM is a tool to spread the blame should the shit hit the fan, so one would have thought that ERM could be more popular than it is. At its most useful it helps business leaders make business decisions that are more likely to be good ones for the long-term sustainability of the business for the benefit of all stakeholders in the business – including the CEO.
We’ll show your target market what makes your company different from your competitors. What makes your business different? How does your business stand out?
What makes your business stand out?
Our showcasing of your products or services will demonstrate why your competitors customers should buy from you. Pull in new customers to your business more profitably. Land more notice of what your business has to offer.
Do this differently
Formula 1 teams with smaller budgets have to fight for every last point by thinking and acting differently from their bigger competitors. You need to grab the attention of new customers in a different way from competitors unless you have unlimited advertising and marketing budget.
It is a challenge to capture more bang for your buck. BusinessRiskTV can help you attain more from every pound you spend.
What makes your business unique?
If your business is unique then great, but for many businesses this simply isn’t true. However if potential buyers don’t know what you’re offering then they will buy from your competitors instead. You’ve lost the sales not because your inferior but because you weren’t even in the running.
The most successful businesses are not necessarily the ones offering the best product or service, never mind a unique service. However there are innovative ways to make your business stand out from the crowd and gain a competitive advantage.
We can direct new customers towards your business products or services more profitably more sustainably for longer business growth with less uncertainty.
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Be different but more successful with it
Use social media and online marketing in clever and interesting ways to creatively and innovatively grow your business more profitably more sustainably.
The long list of failures to manage enterprise risks is too depressing to list here. Such a waste of time, money and life!What an opportunity cost to corporate entities and society.
The only long lasting positive thing to come out of each major risk event or negative aggregation risk outcome is legislation
Our present crop of senior managers executives fund managers and politicians are not any worse or better than previous ones. Talking a good game about risk governance or compliance GRC is often followed by another failure to manage risks with all stakeholders in mind.
Eventually the general public start looking for heads to lop off and new legislation is written that can often be more risk-averse than it needed to be but The People got sick of the incompetence at the top and something had to be done.
Business leaders and politicians often moan about statutory legislation but if managers could manage risks better we wouldn’t need more legislation. Recent examples of major risk events or aggregation of regular failure to manage smaller risk events are more examples of our key risk decision makers failing and more legislation is required to fill the gap in risk management knowledge and/or failing corporate risk management culture.
22nd February 2018 Members of UK’s Parliament MPs Question Pensions Regulator In Public
The Pensions Regulator head with responsibility for monitoring pensions and protecting pensioners in UK admitted to MPs that the Pensions Regulator needed to be clearer quicker and tougher in using its powers to force companies to pay more into their pension schemes.
As an example of the Pensions Regulator’s failure one could highlight Carillion where many thousands of pensioners face reduced pensions. Carillions pension Trustees asked the Pension Regulator in 2010 and 2013 to force Carillion to put more money into it’s pension scheme. The Pension Regulator twice refused and the Pension Regulator CEO since 2015 admitted that it should have done more to extract higher pension contributions from Carillions executive management team.
Carillions executives have claimed that a failing Qatar contract was one of the main causes of Carillions collapse, but auditors KPMG say that was not a cause of Carillion’s collapse.
KPMG tried to defend their auditing of Carillion’s accounts in 2016 and 2017, but the business select committee chairperson said she would not hire you KPMG to audit the contents of my fridge.
Much criticism has been expressed about the system of corporate governance in UK’s biggest companies. Who is responsible for the loss of pension benefits for Carillion pensioners is not clear but what is clear that the current system of corporate governance and risk management is not working for stakeholders like pensioners majority of employees contractors shareholders and corporate customers. The winners are winning big and the losers are losing big!
20th February 2018 UKs Pension Regulator Ignored Trustees Of Collapsed Outsourcing Firm Carillion
The pensions regulator twice ignored requests from trustees of Carillion to force the company to fill Carillion’s pension black hole.
The pensions regulator has come under fire from UK’s members of parliament for failing to take steps to protect Carillion’s pension scheme members, especially as they were asked twice by the trustees of the pension before Carillion collapsed. When Carillion collapsed, the firm had pension liabilities of around £3 billion.
With characteristic alacrity, the Pensions Regulator started its arduous process of chasing money down from Carillion a few days after it was formally announced there was no money left Frank Field chair of parliaments Work and Pensions Committee.
BusinessRiskTV Are Oxfam Carillion and Growing Skills Gap in UK USA Japan just some of the more recent examples of the senior management malaise, or examples of systemic failure of current crop of capitalists?
Beating your competitors to top high performing talent
Fill your skills gaps faster to increase your business productivity with better access to more high-performing recruits. Attract develop and retain talent your competitors can’t find or attract.
A growing skills gap in the UK Australia and USA will hold back organisations who are not more innovative and creative with their recruitment process. It is one of the biggest threats to corporate objectives this year.
Retaining increasingly expensive employees is also key to improve business model sustainability.Its more profitable to keep talented high performers. They have the skills and knowledge to help you grow faster and replacing them will impact on your profit and make it less likely you will achieve your business objectives.
So you’ve got talented staff but how do you turn them into high performers
Attracting and retaining the best employees can be supported by selling and delivering better employee engagement strategy. Engage your employees more to help you achieve your business objectives with more certainty.
Recruitment strategies to attract and retain talent in UK
How do you attract the right employees to help you improve your business performance? Many employees are looking for an opportunity to help your business grow faster. To retain such employees you need to develop them to help develop your business.
We can work with you to turn new recruit enthusiasm into improved results working together with more established employees who know your business processes and objectives well.
There is enormous costs associated with recruiting employees. What a waste to let this talent pass leave quickly through high turnover of staff. Work harder at retaining staff and not only will you boost your business performance, but you will reduce your recruitment costs, as people will stick with you, not leave to join your competitor.
Get help from BusinessRiskTV to help you attract and retain the best people in the UK. Increase your chances of business success by developing your existing business leaders to implement a new improved business strategy.
High employee turnover costs you time, money and your personal productivity. Top talent is hard to attract and even harder to keep. Adopt new more creative ways to source, select and retain talented employees.
Get help restructuring your risk management framework
Upgrade your framework for implementing risk management. Pick up more information on designing the risk management framework that supports your risk management process.
Define your risk management framework for supporting enterprise risk management principles and practices.
If you have the mandate and commitment for enterprise risk management from the top of your organisation you can begin building the risk management framework to make the risk assessment process work well.
You need to clearly define where you are now and where you want to be including the benefits you want from embarking on embedding enterprise risk management.
What is the context or reasons for wanting to change the way you manage risks?
Develop you own risk management policy and communicate it to all stakeholders in the business. Work on what you need to do to embed enterprise risk management within your normal business decision making process.
Implement your new enterprise risk management framework
Implement your chosen risk management process
Monitor review and update your risk management systems
Constantly work at improving your risk management framework.
Your risk management framework should clearly define how you are going to communicate your enterprise risk management policy and procedures. Key people in the enterprise risk management framework should have clearly defined roles and responsibilities to support the risk management process.
Your risk management strategy should set out the objectives that risk management activities in the organisation are seeking to achieve.
Create a risk management framework to support better enterprise-wide decision making
Recommended articles and videos
Read more about governance risk and compliance GRC
Will your strategy for business success fail or fail to achieve more?
Analysing your business strengths weaknesses opportunities and threats will help you understand your business better and the marketplace within which you need to succeed. By identifying where you are now within the market will facilitate any assessment of the best strategies for future business success.
Decide how best to allocate your limited resources to get the best return of your invest of money and time
Assess which weaknesses and threats to mitigate and which to accept
Assess which strengths you need to capitalise upon
Assess which new business opportunities will bring greatest reward from the same cost of capital and management time.
Set a new strategy for business success with more confidence
Not only must you protect your business but you must explore the opportunity cost of not doing something that could bring greater rewards with the same cost.
By getting the most from your money and time you can maximise the profitability of your business.
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Assuming you are managing enterprise risks well can be dangerous
You might be taking too much risk unknowingly but you might also be taking too little risk and failing to make the best use of your business assets.
How confident are you that you are managing enterprise risks cost effectively?
What are the hidden costs of your failure to manage risk properly
Missed opportunities cost
Over protection of business wasting resources and increasing your costs
Under protection leaving you exposed threatening your survival or prosperity and stopping you getting a quiet night’s sleep
Can you demonstrate to your business stakeholders that significant enterprise-wide risks are being effectively managed? Have you a balanced risk -reward risk management plan that prioritises the allocation of resources for best potential effect on business objectives? When was the last time you reviewed your enterprise risk management plan?
Controlling the risks in the workplace is not just about safety and business insurance. Your business must control enterprise wide risks. What is the aggregate effect of risk on your business objectives? Do you understand the threats to objectives and the opportunities you have in front of you?
Find out how enterprise risk management can help you monitor your overall business’s performance
Identify and manage both external risk drivers and internal risk drivers impacting on your business success.
Do you have confidence your business is ready for emerging risks?
We are only at the beginning of the 4th Industrial Revolution. Many jobs are going to disappear. Many jobs are going to change. Businesses that don’t change to reflect emerging risks will not survive the rapid changes that have started but will accelerate over next few years.
Maximising business opportunities for growth
There is a yin and yang to all threats and opportunities.
Every threat comes with an opportunity to change for the better.
Every opportunity comes with a threat that the new will destroy existing value.
Business decision makers have tougher choices now than many recent business leaders have faced and many choices may threaten survival if you choose badly. Making good choices could also drive your business forward much faster than recently possible due to the financial crisis of 2008 and recovery therefrom.
Have you identified and assessed your enterprise-wide risks?
What have you done about the more significant risks to your business objectives? Managing risk is increasingly central to the art of business management. It is not a science. What is right for one business may not work for another in the same industry. Much will depend on the leaders of each business within the same industry.
Give your managers more confidence in your company to prperly assessing all the signiciant business risks to your organisation.
There is a risk to every business decision you make. Systematically look at all the risks across your business to enable you to focus your limited resources on the options most likely to boost your business performance, productivity and profitability.
Armed with the right risk management tools and techniques, risk knowledge and business intelligence you can manage risk more cost effectively more successsfully.
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Leaders in business may benefit from learning more about mindfulness
Your not working alone!
Lloyds plc CEO is recently reported in Financial Times to have advocated the use of mindfulness for himself and his executives.
The Job Can Kill You
Antonion Horta-Osorio was interviewed by Financial Times and he said the stress of the job nearly broke him within months of becoming the chief executive of Lloyds bank at perhaps one of the banks most risky times. The bank had narrowly avoided total collapse and nearly half of it was taken into public ownership by the UK government.
The CEO had to seek psychological support and advice to prevent a possible nervous breakdown. He realised he was not Superman and sought the guidance of a psychiatrist. Prior to his near breakdown he hadn’t looked after his mental health enough. He was speaking out to raise awareness of mental health problems at work.
From the CEO’s own experience he is now introducing a programme for his senior leadership team of 200 executives to make them aware of the measures the CEO learnt including mindfulness and psychological testing. From these executives, it is hoped that the culture within Lloyds will change to prevent people further down the organisation quitting especially at a time where there is a skills shortage.
Not only could this improve the lives of all Lloyds staff, it could boost individual performance, retain staff and boost corporate performance.
Mindfulness Business Training For Executives
There is a business value for mindfulness. Practicing mindfulness can help prepare you to become a more effective business leader for your own benefit and for the benefit of the enterprise.
Become more personally resilient so the business is more resilient
Reduce your own stress and the potential stress on the business should you not work productively, or at all
Increase your emotional involvement in life and the life of your business
Work with mindfulness techniques and tools to improve teamwork and business results from more coordinated risk management practices. Develop your own mindfulness knowledge and increase the corporate mindfulness for a more resilient enterprise. You might even become a better leader with mindfulness training and development.
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Improving Small Business Performance and Sustainability
Helping small business leaders to grow faster with less uncertainty. Learn how to grow your small business. Find out how to promote your business more profitably. Develop skills to take your business to the next level.
Entrepreneurs Learning Leadership Skills From Their Phone PC or Mobile Device
Do you feel your management skills are maximising the return on your investment of time and money? No? Maybe you need a little help for free to brush-up the way you are doing things to boost your business performance and increase your business sustainability?
Push your business forward faster
Take your business forward with the help of your most valuable assets – your employees by squeezing every last penny out of them without alienating them!
You may have already built a successful business. Or you want to start your own new business. Kicking on is not easy. Would you welcome some free help to make better business decisions?
Business leaders should never stop learning how to work better with their employees to find a way to achieve business and personals goals.
Small business owners and managers could improve the leadership and management skills with BusinessRiskTV. You may well be brilliant at what you do, but how can you inspire and encourage those who work for you to be brilliant too?
Get help to motivate your employees to be more creative and more risk aware. Let them see how this will benefit them personally as well as the business. Your business success may will depend on how inclusive your business culture is.
Develop new business strategy to increase sales more profitably more sustainable for continued business growth. Our ideas to increase sales fits many a small marketing budget. So how do you plan to boost sales online? Are you asking yourself How do I improve my small business? How do I increase business growth? We have small business improvement ideas for you.
Work With Us To Increase Sales Growth For Your Business
You don’t need to become a merchant to advertise more cost-effectively with us, but it is one option to increase your revenue.
Find out how to increase your sales with help of BusinessRiskTV.com.
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Improve your sales performance with simple and effective ways for SMEs in UK.
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If you are looking for a new business strategy for business growth you have found it with BusinessRiskTV.
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27th February 2018 Small Medium Sized SME Factories Sales Expectations Near 3-Year High
Sales expectations of SME factories in UK are near 3 year high due to strong global economy growth and low value of the pound.
National Manufacturing Barometer survey has revealed manufacturing to be the fastest growing sector of Britain’s economy in the final quarter of 2017.
The survey also revealed that more than half of SME manufacturers plan to invest in plant and machinery over the next 6 months. SME manufacturers in UK are more confident in their prospects in 2018 than they were in 2017.
The National Manufacturing Barometer surveyed 320 companies in January 2018
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Some emerging markets may fail to fulfil potential growth opportunities
2nd January 2019 Slower Global Economic Growth In 2019
Global economic growth will slow if the hangover from 2018 continues in 2019.
Political risks on the downside threaten the fluidity of global trade which will slow economic growth. Trade tensions between USA and China and USA and Europe top the list of political risks in 2019.
Less money sloshing about in the global economy will slow global economic growth. Examples include the Eurozone closing the cash flow taps with the end of quantitative easing QE by European Central Bank ECB. In addition and perhaps more significantly the Federal Reserve in USA seem intent on continuing to increase interest rates in America which will make money a lot more expensive thus negatively impacting on economic growth in USA.
Businesses across the globe will find it harder to make a profit in 2019 and this will reduce sovereign state income from taxation and reduce corporate free money available for investment in future which will hit global economic growth.
In addition if political risks ease or reverse the global economy could actually receive a boost. For example there are indications that China is prepared to do a deal with USA. If this happens then 2019 could become a lot more positive.
Germanys private sector expansion slowed to a four year low
China November retail sales grew at the weakest pace since 2003 and industrial output rose the least in nearly three years due to trade dispute with USA.
The European Union EU has not thrown UK Prime Minister a bone to help her get her Brexit deal through UK parliament. This indicates it is highly likely she will have to pivot but to what?
21st November 2018 Trade Disputes and Higher Central Bank Interest Rates Are Slowing Global Economy
On the positive side there are currently no signs of a sharp economic downturn according to the Organisation for Economic Cooperation and Development OECD.
The OECD is currently forecasting that global growth would slow from 3.7 percent this year to 3.5 percent in 2019 and 2020. It had previously projected 3.7 percent for 2019.
13th November 2018 Global Growth Is Slowing
According to the International Monetary Fund IMF a number of the bigger economies are slowing and they could suddenly contract should there be a major risk event.
Key global growth risk factors include
USA China trade war could increase costs globally.
Higher energy costs. Oil prices have increased by more than 60 percent in two years.
Certain higher USA interest rates are on their way but how will this impact on global consumption?
Higher USA interest rates will strengthen the dollar the worlds currency of choice. How will a significant strengthening impact on global growth.
Parts of the world are still trying to recover from the global financial crisis including Italys banks and sovereign debt. A collapse of the banking system in Italy would reverberate around the world. Greece can be bailed out Italy can not.
The IMF forecasts global growth for 2018 to 2019 to remain at its 2017 level of 3.7 percent but the growth outlook for a number of major economies has been marked down.
17th April 2018 Global Economic Growth 3.5 Percent
Institute of International Finance IIF forecasting faster global economic growth. IIF increased global economic growth for 2018 to 3.5 percent. Much of the increase in growth down to USA tax cuts. These will not only power USA growth but global growth.
16th March 2018 Global Growth Strongest In 7 Years
According to the Organisation for Economic Cooperation and Development OECD global economic growth is growing faster than at any other time in last 7 years. It is forecasting economic growth at 3.9 percent for 2018.
Threats to global economic growth include growing trade war between most other countries and USA as well as other geopolitical issues like Russia v EU / UK, North Korea and the ever present tensions in Middle East.
14th March 2018 A Credit Rating Agency Fitch Has Suggested Global Economic Growth Is Strong and Accelerating
Global economic growth is rising faster now than it has for around a decade.
Unemployment is falling, money is still cheap in most parts of the world and corporate investment is strong.
Fitch is forecasting global economic growth of 3.3 percent in 2018 and 3.2 percent in 2019. Last year it was 3.2 percent according to Fitch.
27th February 2018 You Should Be Optimistic About Your Future
Global growth prospects for 2018-19 are improving and accelerating. Most parts of the world are looking to a better 2018 than 2017 in terms of economic growth and 2017 was one of the best year’s for growth in close to a decade.
Not every business will take advantage of increasing global economic growth, just like not all businesses went bust during the financial crisis starting in 2007 to 2008. The rising tide of business opportunities creates the environment for your business to grow much faster in 2018.
Corporate business leaders in UK who look for new business development opportunities will find them.
If you do not think you have time to explore business growth opportunities, you may get the opportunity to reflect at your leisure after your business collapses. Those companies that fail to grow may find they contract or even fail to survive.
7th February 2018 International Monetary Fund Chief Economist Says Global Economy Growing Faster
The IMF’s chief economist is reported as saying that world economic fundamentals are strong. There is increased trading and more business investment. As a result major economies are the world are growing faster than expected. He sees very broad-based global growth.
2nd February 2018 BusinessRiskTV Forecasts The Economic Forecasts Will Get Global Growth Wrong For 2018
Many economists are forecasting around the 4 percent mark for global economic growth in 2018. BusinessRiskTV forecasts this will underplay the global economic boom that is set to happen in 2018.
If a major global event occurs like World War 111 then growth will be slower but if World War 3 happens we will not care about economic forecasts any longer! Such geopolitical risk events aside we can look around the world and see great news unfolding:
America is feeding in huge corporate and personal tax cuts into its economy. When America grows so does the rest of the world. In addition, low unemployment and faster wage increases in USA will turbo-charge the USA economy in 2018.
Eurozone is experiencing is fastest growth period in around a decade and this will continue, but accelerate in 2018, as people find jobs and property values start to rise making people in the Eurozone feel wealthier. Manufacturing is returning to countries in Eurozone that may have once have forgotten how to make things.
Africa is a sleeping giant that will fail to get its act together in 2018 but will improve on recent economic performance.
Asia Pacific is set to expand faster with the likes of India in particular racing ahead. China will continue to find more and more people jobs in 2018 and will lift more people out of poverty further increasing demand for domestic and international consumption. Japan will finally put decades of deflation behind it and new technology will begin to overcome demographic time-bomb to the benefit of Japanese economy.
The Americas, and Brazil in particular, was once a fast growing area of the globe. South American expenditure will be healthier in 2018 and help develop continental and global growth faster than 2017.
The UK is constantly put down by people in the UK but the UK economy will continue to surprise most UK economists trying to subvert Brexit and grow faster than 2 percent in 2018. Low unemployment, faster wage growth due to skills shortages and rising housing prices will encourage UK consumers to spend more and manufacturing and services sectors will push UK growth faster supported by a return of the construction sector.
Middle Eastern countries will benefit from rising oil prices and rebuilding of some physically damaged countries.
8th January 2018 Global Economy Forecasts: Increasingly More Positive Business Outlook
Previously poorly performing eurozone helping to drive more upbeat global economic outlook.
A survey for Sentix index indicated eurozone business leader confidence is at its highest level since August 2007. The global economy in all regions is looking more positive.
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