The Asian Institute of Finance recently hosted a briefing on the global economy by DR BART VAN ARK, Executive Vice President and Chief Economist of The Conference Board. The talk entitled ‘Trends, Shocks and Change: Forces Behind Slow Global Growth and the Future Growth Potential for Asia Economies’, was held on
6 December 2016, at Sasana Kijang, Kuala Lumpur and attended by more than 120 professionals from the industry.
The global economy has now entered its 6th year of stagnation, and the growth outlook for 2017 shows a continuation of this trend. Key learning points included:
- Outlook for global economies in 2017 and beyond.
- Major risk factors emerging from the global economy and the changing growth dynamics in Asia.
- Evolvement of Asia economies’ domestic growth potential in the medium term under the influence of rising talent shortages and slowing productivity.
- The difference being made by innovation and digital transformation from the perspective of policy and business strategy.