Drowning in data? These are the key micro and macro drivers you need to understand for your business covered by the most respected experts in their respective fields.
The economic year ahead The IMF has raised its global growth forecast to 3.9 percent in 2O18 on the back of robust global demand, the stimulation of US tax cuts and reduced deflationary pressures. But faltering productivity, climate events, slowing global trade, uncertainties about the longer-term effects of technology and ringing inequality are ringing alarm bells. What are the key variables for business?
Is Europe breaking up? Brexit negotiations proceed at a crawl; Hungary and Poland increasingly pursue policies incompatible with EU membership; Catalonia votes for independence prompting Spanish charges of sedition and rebellion against elected politicians; in Austria the far-right Sebastian Kurz is the chancellor. The list of upsets goes on. Can anyone predict the impact of Brexit? More generally, where is Europe headed and what does it mean for businesses that operate there?
• Peter Ceretti, Analyst, The Economist Intelligence Unit
China? With Xi Jinping likely to be in power for years to come, and with his stated aim to ‘strive for the great success of socialism with Chinese characteristics’ to take ‘centre stage in the world’ it seems clear that China will be a more assertive and competitive presence globally. But that does that mean day to day? In which regions and sectors will China’s presence be most keenly felt?
• Mike Hartnett, Director, Global Risk Consulting, Economics & Country Risk, IHS, US
How will GDPR affect your business? Here’s what you need to know. PSD2 and MiFID II, GDPR and other KYC/AML and data privacy rules represent a fundamental transformation of the financial services landscape. But the interplay of these new laws with different global jurisdictions promises confusion. What can business do to anticipate change and benefit from it?
• Benjamin Brook, Co-founder, Transcend.io, US
• Michael Farrell, Co-founder, Transcend.io, US
How will you be affected by US tax reforms? So complex are the effects of the revisions to the US tax code that companies are still evaluating the possible effects. However, it seems clear that they will affect treasury in areas as diverse as cash pooling, capital allocation and corporate finance and treasury and subsidiary location. What are the key conclusions so far?
• Paul DeCrane, Principal – Global Treasury Services Leader, Ernst & Young , US