The WEF Predicts THIS Will Happen! Global Economic Outlook 2024!
Published: 2024-06-30
Status:
Available
|
Analyzed
Published: 2024-06-30
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Majority of economists surveyed by WEF now anticipate a stronger global economy compared to prior assessments.
"most economists now expect the global economy to be stronger than they did in the previous paper"
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Economists predict continued strength in the US economy and ongoing weakness in the EU economy.
"most economists continue to believe that the US economy will remain strong while the EU economy will continue to weaken"
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Expectation that the ECB will cut interest rates while the Federal Reserve will maintain current rates.
"they expect some central banks like the ECB to cut interest rates but others namely the FED to keep rates where they are"
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Economists foresee a recovery in the global economy within the next few years.
"economists expect the global economy to recover in the next few years"
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Escalation of the Israel-Hamas conflict could lead to a spike in oil prices.
"any escalation in the war between Israel and Hamas plus its proxies could cause a spike in oil prices"
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The EU is considering transferring $300 billion in seized Russian assets to Ukraine.
"the EU is currently considering giving the 300 billion dollars in assets it seized from Russia to Ukraine"
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The US is pressuring the EU to impose additional restrictions on China.
"the US is also been pressuring the EU to put more restrictions on China"
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Disruptions to Taiwan's microchip production or exports could have disastrous economic consequences due to its dominant market share.
"Taiwan produces most of the world's microchips any disruptions to that production or export could be disastrous"
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China's increased hostilities towards Taiwan, despite its reliance on Taiwanese advanced microchips, suggest it may have developed its own advanced chip manufacturing capabilities.
"China has been increasing its hostilities towards Taiwan China wouldn't do this if it needed the advanced microchips that are only made in Taiwan the fact that China is doing this has led some geopolitical analysts to speculate that it can make its own Advanced chips"
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The rise of nationalist parties globally is an ongoing trend, predicted for the past two years.
"nationalist parties have been on the rise around the world this is something we've been predicting for two years now"
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The rise of nationalism is expected to cause short-term inflation increases, with wages eventually following rising asset prices.
"this will be painful in the short term as it will initially cause inflation to increase while asset prices remain high wages will eventually follow"
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Economists predict persistent inflation, attributing it to housing costs rather than nationalism.
"the economists surveyed by the we predict that inflation will stay sticky not because of nationalism but because of housing"
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Globalist policies restricting construction and accelerating immigration are driving up housing prices.
"housing prices continue to rise due to globalist policies that restrict construction and accelerate immigration"
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Globalist energy policies are contributing to increased prices across the board.
"globalist policies around energy have also made everything more expensive"
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Prices could increase by up to 30% if the situation in the Middle East escalates, according to WEF economists.
"the W's economists predict that prices could Rise by 30% if the situation in the Middle East escalates"
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A significant portion of global trade, 20-40%, occurs between countries not aligned geopolitically.
"20 to 40% of trade is happening between geopolitically unaligned countries"
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Investors prefer certainty over uncertainty, even if it involves negative events like a war, as it allows for pricing in and planning.
"there is nothing investors hate more than uncertainty Investors don't mind World War I so long as it's certain because that means they can price it in and plan"
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A divergence exists between positive economic data and persistently negative public sentiment.
"the emergence of Divergence between modestly encouraging economic data and stubbornly gloomy public sentiment"
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Increased censorship may occur if the divergence between economic data and public sentiment persists.
"if this challenge continues though don't be surprised to see such censorship"
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Average businesses are primarily concerned with inflation and labor, not geopolitics as suggested by WEF economists for global corporations.
"the average business isn't thinking too much about this just the global corporations that the W interacts with the average business is worried about inflation and labor"
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Corporations are maximizing bond issuance to borrow heavily, indicating concern and preparation for future uncertainties.
"corporations are issuing as many bonds as they can they believe this is because these corporations are concerned about the future put differently they're borrowing as much money as they can today to prepare for what tomorrow brings"
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Three-quarters of executives are skeptical of ESG, with nearly a quarter actively abandoning it.
"three quarters of executives are skeptical about ESG and that almost a quarter of them are outright abandoning it"
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The European Central Bank faces constraints that prevent it from maintaining high interest rates for an extended period.
"the ECB can't afford to keep rates higher for longer"
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Global economic growth has been decelerating since the beginning of the 21st century.
"Global growth has been slowing since the start of the century"
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The world's annual economic growth rate is not expected to return to its pre-pandemic level of 4%.
"the world won't return to its prepandemic annual growth rate of 4%"
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Half of surveyed economists believe AI will not significantly boost productivity.
"half of them believe it won't do that much"
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AI is expected to contribute to economic growth, but potentially less than anticipated.
"AI will be a force for growth just not as big as they'd hoped"
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AI is projected to primarily benefit developed countries, with developing nations experiencing only minor gains.
"things like AI will benefit developed countries the most while developing countries will only see marginal gains"
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There is a suggestion that the WEF aims to maintain the economic status of developing countries.
"the we wants to keep poor countries in their place"
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WEF economists lack consensus on the contribution of several key industries (mining, manufacturing, fossil fuels, retail, finance, real estate) to global growth.
"there was a lack of consensus on the role of other Industries including mining supply chain and transport services manufacturing fossil fuel energy and and materials retail and wholesale of consumer goods and financial professional and Real Estate Services in global growth"
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Global economic growth has been hindered by 50% due to the misallocation of capital in recent years.
"economic growth could have been 50% higher today had it not been for the misallocation of capital in recent years"
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Policy priorities for developed countries will center on education, infrastructure, financial access, and institutional development.
"focus will be education infrastructure improved access to finance and more institutions"
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Innovation is considered less effective as a policy priority in developing countries compared to developed nations.
"Innovation which is apparently less effective in developing countries"
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Trade protectionism is predicted to be detrimental to all countries, irrespective of their economic status.
"any kind of trade protectionism would be bad regardless of the economic status of the country in question"
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Geopolitical and political issues are contributing to increasing global instability.
"the world is becomingly increasingly unstable due to geopolitical and political issues"
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Centralization is an inherent cause of instability.
"centralization which is inherently unstable"
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A potential outcome of current trends is a complete loss of faith in institutions, leading to total anarchy.
"this could result in a total collapse of faith in institutions total Anarchy"
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The WEF has been advocating for a 'Great Reset' agenda since the COVID-19 pandemic.
"remember that the we has been pushing for a great reset since the pandemic"
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The proposed solution to current global issues is the creation of decentralized institutions designed for and by the average person.
"the solution to this mess is to create a new system consisting of decentralized Institutions that is made for the average person by the average person"
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Cryptocurrency aims to establish a decentralized system.
"this is the system that cryptocurrency is trying to create"
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