Economic Growth – Avance Economico http://avanceeconomico.com/ Fri, 14 Jan 2022 20:21:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://avanceeconomico.com/wp-content/uploads/2021/07/icon-7.png Economic Growth – Avance Economico http://avanceeconomico.com/ 32 32 New Lanett Welcome Center shows economic growth in Alabama https://avanceeconomico.com/new-lanett-welcome-center-shows-economic-growth-in-alabama/ Fri, 14 Jan 2022 20:21:00 +0000 https://avanceeconomico.com/new-lanett-welcome-center-shows-economic-growth-in-alabama/ LANETT, Ala. (WTVM) – Alabama opened a brand new visitor center Friday morning, Jan. 14, on I-85. Projects like this have been on the back burner for decades, but Alabama’s growing economy has helped bring this project to life. 16,000 square feet. State of the art. The new Alabama Welcome Center is the new gateway […]]]>

LANETT, Ala. (WTVM) – Alabama opened a brand new visitor center Friday morning, Jan. 14, on I-85. Projects like this have been on the back burner for decades, but Alabama’s growing economy has helped bring this project to life.

16,000 square feet. State of the art. The new Alabama Welcome Center is the new gateway to the state for those coming from Georgia on Interstate 85.

“Here at Sweet Home Alabama, we pride ourselves on our southern hospitality,” said Alabama Governor Kay Ivey.

The bricks, sidewalks and turf show much more than a welcome center – it’s a sign of major economic progress in Alabama.

Over the past 10 years, Alabama has been able to resolve a number of financial issues.

“Well, our economy is certainly strong…and growing,” Governor Ivey said.

The old reception center was not very welcoming – not a facility the state was proud of…

“This is now the model for what’s going to happen statewide,” said Alabama tourism director Lee Sentell.

But now the new facility, like Alabama’s economy, points to a new era for the state.

“It has to be first class, and I believe it is,” Governor Ivey said.

The project lasted two years. Funding came from both the state and the federal government.

Copyright 2022 WTVM. All rights reserved.

]]>
Vietnam’s economic growth is expected to accelerate to 5.5% in 2022, and greening its trade will provide new opportunities https://avanceeconomico.com/vietnams-economic-growth-is-expected-to-accelerate-to-5-5-in-2022-and-greening-its-trade-will-provide-new-opportunities/ Thu, 13 Jan 2022 04:32:00 +0000 https://avanceeconomico.com/vietnams-economic-growth-is-expected-to-accelerate-to-5-5-in-2022-and-greening-its-trade-will-provide-new-opportunities/ HANOI, January 13, 2022 – Vietnam’s economic recovery is expected to accelerate in 2022, with GDP growth expected to rise to 5.5%, from 2.6% in the year just ended, according to the update. World Bank Economic Update for Vietnam Taking Stock. Assuming the COVID-19 pandemic will be brought under control at home and abroad, forecasts […]]]>

HANOI, January 13, 2022 – Vietnam’s economic recovery is expected to accelerate in 2022, with GDP growth expected to rise to 5.5%, from 2.6% in the year just ended, according to the update. World Bank Economic Update for Vietnam Taking Stock.

Assuming the COVID-19 pandemic will be brought under control at home and abroad, forecasts predict that the Vietnamese service sector will gradually recover as businesses of consumer and investor confidence, while the manufacturing sector benefits. sustained demand from the United States, the European Union, and China. The budget deficit and debt are expected to remain sustainable, with a projected debt-to-GDP ratio of 58.8%, well below the statutory limit.

The outlook, however, is subject to serious downside risks, especially the unknown course of the pandemic. Outbreaks of new variants may prompt new social distancing measures, hampering economic activity. Weaker than expected domestic demand in Vietnam could weigh on the recovery. In addition, many trading partners face shrinking fiscal and monetary space, potentially restricting their ability to further support their economies if the crisis persists, which in turn could slow the global recovery and weaken demand. Vietnamese exports.

Prudent policy responses could mitigate these risks. Fiscal policy measures, including a temporary reduction in VAT rates and increased spending on health and education, could support aggregate domestic demand. Support for businesses and concerned citizens could be greater and more targeted. Social protection programs could be better targeted and implemented effectively to deal with the severe and uneven social consequences of the crisis. Increased risks in the financial sector need to be closely monitored and proactively addressed.

Entitled “NO TIME TO LOSE: The Challenges and Opportunities of Cleaner Trade for Vietnam,” this edition of Taking Stock argues that greening the business sector should be a priority. Trade, although a major driver of Vietnam’s remarkable economic growth over the past two decades, is carbon-intensive – accounting for one-third of the country’s total greenhouse gas emissions – and polluting.

As Vietnam has started to decarbonize trade-related activities, much remains to be done to respond to growing pressures from major destination markets, customers and multinational companies for greener products and services.

“Trade will be a key component of Vietnam’s climate actions in the years to come,” said Carolyn Turk, World Bank Country Director for Vietnam. “Promoting greener trade will not only help Vietnam deliver on its promise of achieving net zero emissions by 2050, but will also help it maintain its competitive edge in international markets and ensure that trade remains a generator. essential income and jobs. “

The report recommends that the government act on three fronts: facilitate trade in green goods and services, encourage green foreign direct investment, and develop more resilient and carbon-free industrial zones.

Taking Stock is the World Bank’s semi-annual economic report on Vietnam.

/ Public distribution. This material from the original organization / authors may be ad hoc in nature, edited for clarity, style and length. The views and opinions expressed are those of the author (s). See it in full here.

]]>
This decade will see India dominate global economic growth: Chandrasekaran by Tata Sons https://avanceeconomico.com/this-decade-will-see-india-dominate-global-economic-growth-chandrasekaran-by-tata-sons/ Tue, 11 Jan 2022 09:07:17 +0000 https://avanceeconomico.com/this-decade-will-see-india-dominate-global-economic-growth-chandrasekaran-by-tata-sons/ India in this decade will lead global economic growth and the systems and technologies we already have in place will only accelerate this journey, said Tata Sons, President Natarajan Chandrasekaran. “India has a bigger role to play in global growth and our growth will get much stronger during this decade,” predicted Mr. Chandrasekaran, who spoke […]]]>

India in this decade will lead global economic growth and the systems and technologies we already have in place will only accelerate this journey, said Tata Sons, President Natarajan Chandrasekaran.

“India has a bigger role to play in global growth and our growth will get much stronger during this decade,” predicted Mr. Chandrasekaran, who spoke with Microsoft India, chairman, Anant Maheshwari, during a virtual event, Future Ready, on January 11.

On the country taking the lead towards equitable and sustainable growth, Mr. Chandrasekaran. said it should be a national priority to provide access to education and health care for all, no matter what part of India people live in.

“Millions of our children, in the past two years due to the pandemic, have been able to access education because they did not have digital connections. The future is bridal. We already have the bases and platforms like UPI and Aadhar that have the scale and bandwidth to support millions of people. We have to speed up, ”said the boss of Tata Sons.

Responding to Mr Maheshwari’s question on sustainability, Mr Chandrasekaran said the lockdown caused by the pandemic was a reminder to many of the importance of working on sustainability and environmental issues.

“We could see the blue sky and hear the birds singing around. We all felt good. The pandemic really reminded us of the importance of sustainability and highlighted environmental concerns. “

However, India has received a 10-year change management advantage due to the pandemic and the country needs to explore this to build momentum towards a sustainable future, he noted.

Technology will undoubtedly have a profound impact on India and its people, says Chandrasekaran. The problem in the country is not to attack the market, but to create markets and give people access to markets through technology.

“India has neither the time nor the resources to build huge systems. We have to do things in the short term to impact a lot of people at once. We need to make AI and ML relevant to all kinds of people: field workers, truck drivers, rural dwellers and not just techies and elites, ”he added.

]]>
China and Omicron are the wild cards of the global economy and financial markets https://avanceeconomico.com/china-and-omicron-are-the-wild-cards-of-the-global-economy-and-financial-markets/ Sun, 09 Jan 2022 13:00:00 +0000 https://avanceeconomico.com/china-and-omicron-are-the-wild-cards-of-the-global-economy-and-financial-markets/ The past two years have taught us that predictions for the coming year in the time of Covid-19 – with successive new variants of the coronavirus of unknown severity – are a futile exercise. But, it’s the start of the year and we need to at least map out what we know and what we […]]]>

The past two years have taught us that predictions for the coming year in the time of Covid-19 – with successive new variants of the coronavirus of unknown severity – are a futile exercise.

But, it’s the start of the year and we need to at least map out what we know and what we don’t know that will affect the economy and the markets.

The best known fact is that in the United States (and other countries) inflation is no longer transitory. As a result, the US Federal Reserve is on track to end its asset purchases more quickly, by the end of March 2022, and subsequently administer three interest rate hikes, one in each of the three. remaining quarters of the year or until the economy suffers.

This is a regime change and a break from the ultra-accommodative monetary policy of the past decade and is likely to result in a strong U.S. dollar and market correction, given record prices and valuations for US dollars. active.

The wild card for the global economy, financial markets and emerging markets is the economic effect of the Omicron variant and several Chinese developments. When it comes to Omicron, the prevailing view so far is that infections are high, but hospital admissions and deaths are low, so the world is one step closer to normalcy.

Lockdown restrictions in the United States, Europe and China – the latter with zero tolerance for infections – will continue to disrupt global value chains and support rising inflation that will require more aggressive rate hikes. ‘interest.

For China, the big question is whether policymakers will be able to deflate the housing bubble without causing a significant slowdown in economic growth. The evidence so far points in this direction, with industrial production slowing down due to power cuts, a moderation in infrastructure investment due to weak credit growth to local governments and regulatory restrictions imposed on local governments. real estate agents.

Economic growth is expected to moderate towards the 5.5% trend, implying that the support that drove up commodity prices in 2021 will fade. What makes the situation worse is China’s zero Covid-19 infection policy that will likely remain in place during the Winter Olympics and the all-important five-year Chinese People’s Congress later in the year.

Developments from the US Fed, Omicron and China are headwinds for the South African economy, which is grappling with its own problems. Higher global interest rates and more subdued commodity prices are a double whammy for the economy, which will grow by around 2.5% this year, insufficient to reduce the record unemployment rate of 34.9 %.

The South African Reserve Bank will need to normalize interest rates with at least two rate hikes of 25 basis points each. The risk is for more rate hikes as projected by its models.

On the fiscal front, the pressure for a universal basic income subsidy is strong, but fiscal sustainability requires consolidation, so the risk of fiscal slippage in the February budget is high, a risk of rising bond yields.

All in all, domestic growth will be slower, inflation will be stable, the rand lower and interest rates higher by the end of the year.

There are also more downside risks to all of this this year compared to 2021, compounded by the uncertainty of the political conference and the ruling party’s electoral cycle later in the year.


Source link

]]>
Business growth, retention, relationships prioritized on the new commission https://avanceeconomico.com/business-growth-retention-relationships-prioritized-on-the-new-commission/ Fri, 07 Jan 2022 18:24:21 +0000 https://avanceeconomico.com/business-growth-retention-relationships-prioritized-on-the-new-commission/ MILLVILLE – Economic issues will be a priority with the newly sworn in Municipal Commission. Vice-mayor Joseph Sooy, back in power after a four-year absence, presented several planned actions during Thursday’s reorganization meeting. Sooy highlighted hopes for substantial, though unspecified, new money from a recently restored New Jersey Urban Enterprise Zone program. Sales tax revenues […]]]>


Source link

]]>
Tech stocks tumble as investors look past Omicron disruption https://avanceeconomico.com/tech-stocks-tumble-as-investors-look-past-omicron-disruption/ Wed, 05 Jan 2022 16:58:58 +0000 https://avanceeconomico.com/tech-stocks-tumble-as-investors-look-past-omicron-disruption/ Global tech stocks were reversed on Wednesday, as concerns over the Omicron variant of the coronavirus dissipated and bets on rising interest rates reduced the appeal of groups that thrived during the pandemic. On Wall Street, the technology-heavy Nasdaq Composite stock index fell 0.8%, after closing down 1.3% in the previous session. The larger S&P […]]]>

Global tech stocks were reversed on Wednesday, as concerns over the Omicron variant of the coronavirus dissipated and bets on rising interest rates reduced the appeal of groups that thrived during the pandemic.

On Wall Street, the technology-heavy Nasdaq Composite stock index fell 0.8%, after closing down 1.3% in the previous session.

The larger S&P 500 stock index fell 0.2%, while the S&P information technology sub-index fell 0.9%. Among the worst performers were customer management software company Salesforce.com and Adobe, both of which fell more than 4%.

Research firm Gartner lost more than 3%, while chipmaker Advanced Micro Devices lost 2.6%.

The real estate components of the S&P 500 also fell 1.7% on Wednesday, after rising more than two-fifths collectively in 2021.

In Asian markets, Chinese tech groups traded on the Hong Kong Hang Seng Index closed 4.6%, their worst drop since July.

Tech stocks kicked off in 2022 after early data suggested Omicron was less likely than previous strains to lead to hospitalizations and therefore widespread blockages.

This surge of optimism has boosted the actions of companies such as banks and energy producers, whose fortunes are tied to economic growth, while raising expectations of an interest rate hike from the Reserve. federal government, which would put high-end growth equity valuations under pressure.

“The Omicron variant looks quite mild, with an increase in cases not resulting in higher deaths, giving hope that the end of the pandemic is in sight,” said Emmanuel Cau, head of European equity strategy at Barclays.

Major U.S. tech groups including Apple, Microsoft and Google’s owner Alphabet have been among the biggest publicly traded winners of the pandemic, as measured by growth in dollar market capitalization since January 2020, according to a study by the pandemic. Financial Times.

“The acceleration of [tech] earnings growth is now behind us, ”said Jim Besaw of US wealth manager Gentrust, despite“ staggering valuations ”.

In Europe, the Stoxx 600 stock index rose 0.1% while its technology sub-index fell 0.5%. ASML, the Dutch semiconductor equipment maker and Europe’s largest tech company by market capitalization, lost 1.4% after falling nearly 3% on Tuesday.

While the outlook for tech groups has been bolstered by lockdowns and other social restrictions, their valuations have also been flattered by ultra-low bond yields that lower the opportunity cost of owning growth companies that pay dividends. minimal or non-existent.

Traders also pulled back this week from US Treasuries, the preferred safe haven in times of economic uncertainty, lowering the prices of debt instruments and pushing their yields higher.

Officials at the Fed, which is ending its monetary stimulus in the era of the pandemic, expect the central bank to raise interest rates three times in 2022, according to projections released late from last year.

The yield on the benchmark 10-year US Treasury index, which moves inversely to the price of debt, fell 0.02 percentage points to 1.681 percent on Wednesday. It fell from around 1.5% on December 31.

“Even if global equities perform reasonably well this year, the US market will struggle,” said Paul Jackson, head of asset allocation at Invesco.

The FANG + index of 10 widely traded U.S. tech stocks represents more than a quarter of the S&P’s market capitalization, according to Bloomberg data.

Due to Big Tech’s dominance in the index, Jackson added, the S&P had “become a market that outperforms during economic downturns.”

Elsewhere in markets, Britain’s FTSE 100 rose 0.2% after gaining 1.6% on Tuesday, thanks to its heavy concentration of banking, energy and resources. The German Dax rose 0.6%, boosted by consumer and industrial stocks.

Brent crude rose 1.6% to $ 81.23 a barrel. The benchmark oil index fell to $ 69.28 in late December, depressed by Omicron concerns.


Source link

]]>
2022 will be a big year for Xi Jinping – but he must fix China’s economic slide https://avanceeconomico.com/2022-will-be-a-big-year-for-xi-jinping-but-he-must-fix-chinas-economic-slide/ Mon, 03 Jan 2022 18:30:07 +0000 https://avanceeconomico.com/2022-will-be-a-big-year-for-xi-jinping-but-he-must-fix-chinas-economic-slide/ When showing China’s economic achievements and using them to denigrate democracy, the Chinese Communist Party (CCP) has often asserted that “democracy cannot be eaten.” Chinese leader Xi Jinping recently described the Chinese political system under his rule as “a people’s democracy as a whole” – more democratic, the CCP claimed, than any other democracy in […]]]>

When showing China’s economic achievements and using them to denigrate democracy, the Chinese Communist Party (CCP) has often asserted that “democracy cannot be eaten.” Chinese leader Xi Jinping recently described the Chinese political system under his rule as “a people’s democracy as a whole” – more democratic, the CCP claimed, than any other democracy in the world. But many in China, perhaps including Xi himself, have realized that Xi’s entire People’s Democracy process cannot be eaten either.

It is true that China competes with the United States for the world’s largest economy, even surpassing the United States in terms of purchasing power-adjusted gross domestic product. But China’s worsening issues within the CCP threaten to unbalance the country’s economy and this could affect Xi’s goal of indefinite rule as he is about to begin his rule. third term.

This month, the policy formulation of “keeping economic development as a central task”, which had all but disappeared from China’s policies in recent years, suddenly resurfaced at its Central Economic Work Conference. This formulation permeated China’s policies for nearly three decades after the 1989 Tiananmen Square Massacre and held a dominant position until China entered the “Xi Jinping New Era of Socialism with Chinese Characteristics” . Tiananmen broke the ideology of the CCP, and it almost lost its legitimacy in power. Rapid economic development had become one of the two saving factors. The other is nationalism, but its importance is much less than the first, especially at the beginning.

The Central Economic Work Conference, which is held at the end of each year, summarizes the economic situation for the year and sets the tone and tasks for the deployment of economic policy for the following year. It is an important event for Chinese observers. “Keeping economic development as a central task” was re-established as the party’s baseline at this year’s meeting. In fact, his ad mentions the word “stable” dozens of times. The meeting called for economic work in 2022 to be stable and seek progress while maintaining stability. All regions and departments should take responsibility for stabilizing the macroeconomy, and governments at all levels should actively introduce policies conducive to economic stability. There are up to 20 areas where stability is sought.

The Central Economic Work Conference thus revealed at least three things. First, Xi’s policies have not focused on economic development in recent years; second, China’s economic situation is serious; third, Xi Jinping strives to ensure economic stability and prosperity next year.

About 10 years ago, China’s economic growth rate began to decline. After 30 years of rapid development, a slowdown is normal, but the overlap with Xi’s governance may indicate that the decline in economic growth is related to Xi’s policies. Especially in recent years – whether it’s fighting corruption, building a cult of personality, strengthening control over ideology and speech, strengthening party control over the economy and society or the removal of capital – all of this may have come at the expense of economic growth. . The recent Central Economic Labor Conference recognized that the Chinese economy faces three pressures: shrinking demand, shocking supply and weakening expectations.

The emphasis on the Chinese economy has been an unwritten rule since Deng Xiaoping initiated the reforms. However, in recent years, government officials have placed less emphasis on economic development, and economic performance has not been a criterion for promotion. Xi’s anti-corruption campaign and the political assessment of officials freaked out some officials. As a result, they devote time and energy to political studies, political struggles, managing tasks from above, and protecting against rivals. In such an atmosphere, many do not want to work. This inevitably resulted in a loosening of the bureaucratic system, which had a negative impact on the economy. It has become evident that people cannot eat Xi’s “whole process of people’s democracy”.

Of course, the Chinese economy is going through difficult times. However, 2022 could be a special year for Xi. He could enter his third leadership term and strive to stay in power after the 20th National Party Congress, due in October. In light of Xi’s current control over the CCP and the Chinese military, perhaps no one can stop him from remaining the top party leader, unless something unusual and unexpected happens. in the coming year. Xi probably knows that although no one in the CCP makes noise, many privately wonder why he wants to change the decades-old system of orderly succession of top leaders.

Considering the harsh external environment and the difficulties and challenges facing the Chinese economy, Xi Jinping must do everything in his power to stabilize the Chinese economy, and quickly.

Jianli Yang is founder and chairman of Citizen Power Initiatives for China and author of “For Us, The Living: A Journey to Shine the Light on Truth”.


Source link

]]>
Stimulus Control Live Fourth Update: $ 8,000, Child Tax Credit, Medicare, COLA Benefits 2022 … https://avanceeconomico.com/stimulus-control-live-fourth-update-8000-child-tax-credit-medicare-cola-benefits-2022/ Sun, 02 Jan 2022 00:42:31 +0000 https://avanceeconomico.com/stimulus-control-live-fourth-update-8000-child-tax-credit-medicare-cola-benefits-2022/ Wall Street flies as it crosses the finish line in a tumultuous year Wall Street changed little in light trading on Friday, with investors taking a break as they prepare to ring in the New Year and close the books in 2021, marking the second year of recovery from a global pandemic. The three major […]]]>

Wall Street flies as it crosses the finish line in a tumultuous year

Wall Street changed little in light trading on Friday, with investors taking a break as they prepare to ring in the New Year and close the books in 2021, marking the second year of recovery from a global pandemic.

The three major U.S. stock indexes are set for weekly, monthly, quarterly and annual gains, marking their strongest three-year gain since 1999.

The S&P 500 is on track for a 27% increase since the last trading day of 2020. As of Thursday, the benchmark has posted 70 record closeouts, the second highest on record. Using Refinitiv data going back to 1928, the highest number of record SPX closings in a single year was 77 in 1995.

Businesses, consumers, and the economy at large greatly prospered in 2021 as they progressed through an ever-changing landscape, including a tumultuous transfer of power marked by the January 6 riot on Capitol Hill. Other factors include the phenomenon of ‘memes stock’, new variants of covid-19, a labor shortage, generous fiscal / monetary stimulus, hampered supply chains, booming and the resulting price spikes.

“The other three big central banks – the Fed, the BOJ and the ECB – are all very aggressive, and there is no doubt that money is finding its way into the securities markets, ”said Steve Massocca, Managing Director of Wedbush Securities. “So I think that was clearly the most important thing that happened in terms of the creation of the rally in 2021.”


Source link

]]>
Business risk: the risks and challenges for businesses and economies https://avanceeconomico.com/business-risk-the-risks-and-challenges-for-businesses-and-economies/ Fri, 31 Dec 2021 06:33:00 +0000 https://avanceeconomico.com/business-risk-the-risks-and-challenges-for-businesses-and-economies/ The COVID 19 attack has continued since early 2020, although it has slowed in part this year due to large-scale vaccine production and administration around the world, the threat of variants of the virus continues to arise globally. The case in point is the fear of Omicron taking hold of the world. The year 2021 […]]]>
The COVID 19 attack has continued since early 2020, although it has slowed in part this year due to large-scale vaccine production and administration around the world, the threat of variants of the virus continues to arise globally. The case in point is the fear of Omicron taking hold of the world. The year 2021 has turned out to be a difficult year on all continents, with major concerns such as the slowing economy, rising unemployment, worsening digital disparities, tight logistics supply chains, overloaded medical infrastructure, discontent among young people and the growing disintegration of society. hurt everyone.

Focusing on Asia, many micro and small businesses have been forced to close their businesses in most countries, while large companies are still reeling from the consequences of the pandemic. Interlocking singularities such as growing economic disparities, growing population pressure, lingering security concerns, complicated global economic transition, environmental risks and increased technological advancements are having a tremendous influence on the economies of the Asian region, making the landscapes more complex, more risky and difficult to understand and manage.

Add to this geo-ecopolitical scenario the perilous risks and challenges such as the failures of climate action, the damage caused to the environment by man, the erosion of societal cohesion, terrorist attacks, inequalities and fractures. digital, cybersecurity failures and the US-Chinese trade war, all plaguing business growth in Asia. There is no doubt that the cumulative and cascading effect of all these factors on economies has been made worse and worse by the pandemic, but this all needs to be stopped as well.

Since the start of the 21st century, the Asia-Pacific region has experienced rapid economic expansion, bringing massive trade transactions and gargantuan shipping to the waters of the Indian Ocean. The region’s progress was interrupted by the economic crisis of 2008-11, but it was able to recover and has since become an engine of global economic growth.

2021 has been characterized by a patchy recovery, as vaccine deployments create a world of have and have not, with pockets of a pandemic still remaining widespread despite efforts to eradicate the virus. Many people, sadly, have slipped into the underprivileged category as businesses have been subjected to extended periods of operational uncertainty due to localized restrictions imposed in response to virus outbreaks. 2021 has thus seen delays in the manufacture and distribution of vaccines, frequent blockages that have altered supply chains. Consumer behavior has changed dramatically, resulting in spending only on the essentials, a minimalist attitude towards non-essentials, high-end and luxury items, and global concerns for more savings.

If in the coming year 2022 in Asian countries global supply chains continue to be disrupted, it will be difficult for companies to remain resilient. Investors may have to prepare for further localized lockdowns and targeted travel restrictions, which can generate panic and plummet financial markets. Several underlying characteristics of Asian economies explain both variations in development patterns and fluctuating growth rates. The risk-free events have made it more difficult for them to obtain the external financing they seek, limiting budget support to countries with the largest current account deficits.

An inflationary shock could emerge due to supply constraints linked to pent-up demand resulting from a smooth roll-out of vaccines and widespread optimism. Supply constraints would obviously hit economies with current account deficits the hardest (Asian Outlook, 2021).

As tensions between the United States and China continue to rise in the Indo-Pacific region, attention shifts from economic issues to security concerns. Obviously, the two hot spots that influence the dynamics of the IOR are those involving Taiwan and the South China Sea. QUAD already existed and its anti-Chinese stance was asserting itself more and more. The new security alliance between the US, UK and Australia, known as AUKUS, has added another layer of complexity to the already complicated geopolitical dynamics in the region. This fragile position in the Indo-Pacific area will undoubtedly have an impact on businesses and supply chains in the region.

One of the main negative effects of the coronavirus and the inability of policy makers to respond to it is the rapid build-up of debt, which has affected populations not only in Asia but all over the world. Due to the global decline in birth rates, demographic challenges are worsening. Compared to countries that still benefit from a favorable demographic dividend, the aging economies of Asia therefore experience a much greater economic impact.

The effects of Covid 19 have only two positive points, one, the signing of the Comprehensive Regional Economic Partnership Agreement, which has the potential to deepen regional trade integration and regional economic integration, and two, Environmental, social and governance (ESG) issues have become the rule of the day in the corporate sector, and we anticipate that companies and businesses will work together to build resilience to meet the challenges facing Covid 19. Hong Kong, Singapore, Japan, Indonesia and Taiwan are some of the Asian countries adopting ESG more extensively.

In conclusion, businesses face rapidly changing environments due to the rapid emergence of innovative technologies, the majority of which are disruptive in nature. Coupled with the wide range of obstacles of an environmental, digital and geopolitical nature such as supply chain disruptions, climate action failures, social divisions, digital inequalities and complex security issues in the waters of the Indian Ocean, all of these will have ramifications for businesses that may hinder their recovery and long-term development. Environmental and geopolitical risks, according to risk analysts, are the biggest concerns in the Asia-Pacific region.

Finally, to successfully avoid risks and prepare for challenges, as well as escape the clutches of simple survival, businesses and enterprises must focus all of their attention on building resilience and agility. Maintaining these qualities will be possible through collaboration between the private and public sectors, with the support of NGOs, communities and government; and use digital technologies while adapting to changes induced by disruption.

Amit Kapoor is President of the Institute for Competitiveness of India and Visiting Fellow at Stanford University. Raagini Sharma is a researcher, Institute for Competitiveness.


Source link

]]>
AIM 2022 aims to stimulate the growth of foreign direct investment https://avanceeconomico.com/aim-2022-aims-to-stimulate-the-growth-of-foreign-direct-investment/ Wed, 29 Dec 2021 17:00:00 +0000 https://avanceeconomico.com/aim-2022-aims-to-stimulate-the-growth-of-foreign-direct-investment/ DUBAI, United Arab Emirates, December 29, 2021 (GLOBE NEWSWIRE) – Considering the increase in foreign direct investment (FDI) flows around the world, the Annual Investment Meeting (AIM) – an initiative of the Ministry of UAE Economy – expressed interest in continuing to create many investment opportunities and innovative economic and business strategies, while fully supporting […]]]>

DUBAI, United Arab Emirates, December 29, 2021 (GLOBE NEWSWIRE) – Considering the increase in foreign direct investment (FDI) flows around the world, the Annual Investment Meeting (AIM) – an initiative of the Ministry of UAE Economy – expressed interest in continuing to create many investment opportunities and innovative economic and business strategies, while fully supporting the ensuing macroeconomic recovery and subsequent changes in the global economy.

AIM 29-31 March 2022 – global context and priority themes

The next edition of AIM – to be held from 29 to 31 March 2022, with the theme “Investments in sustainable innovation for a prosperous future” – will focus mainly on approving and stimulating investments in favor of sustainability and innovation through key activities under the FDI pillar.

Thanks to growing investor confidence, FDI flows rebounded, globally, in 1H21, according to the latest United Nations (UN) report. FDI from developed economies more than tripled in the first half of this year, reaching $ 424 billion. Contrary to previous forecasts, the global outlook for FDI for the full year has improved, the UNCTAD report says. This was also evident in FDI in East and Southeast Asian countries, which saw an increase of 25%.

The UAE is one of the top 20 economies in the world in terms of FDI, indicating the country’s strong economic performance. In response to the pandemic, it was one of the first countries in the world to launch recovery plans and initiatives to provide the necessary support to different sectors of the economy and adapt to the challenges associated with the pandemic. The country’s resilience and relentless pursuit of successful economic transformation and sustainability is evident in the high global rankings it has achieved.

HE Mr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade of the United Arab Emirates, said:

“With the world’s largest trade fair, Expo 2020 Dubai, we are now looking forward to collaborating with other organizations and partnering with the world’s best ideas to shape the future. To achieve our goal of attracting foreign direct investment, we offer a number of incentives to investors, such as zero income tax, 100% foreign ownership, and 10 gold visa. Currently, the United Arab Emirates are ranked 11e in the world for the ease of doing business and first in the region. Together, we will make the United Arab Emirates the best investment destination in the world. “

AIM 2022 activities are designed to significantly boost investment opportunities across various sectors. Participants can explore lucrative investment prospects and ideas under the FDI pillar, as global markets provide new investment opportunities to drive economic growth.

HE Dr Thani bin Ahmed Al Zeyoudi added that:

“Over the past 10 years, the Annual Investment Meeting has played a crucial role in bringing foreign investment to the UAE. We now focus on enhancing the UAE’s international reputation by as a hub of investment and mobilization of concrete investments, as well as on providing solutions for sustainable development economic growth I believe that the next edition of the annual meeting on investment will bring economic change positive by taking new steps in the world of FDI. ”

AIM 2022 will honor the best investment promotion agencies across the world through the AIM Awards, honoring the best FDI projects in regions that have significantly contributed to the growth and expansion of their markets.

AIM’s FDI pillar will present and discuss key topics. These include:

  • “Less than a decade away from the 2030 SDGs, where are we now, in terms of sustainable investments? “will explore concerns and action plans to foster inclusive economic development and resilient societies.
  • “How FDI should drive change towards integration ESG investments “: Experts from global investment agencies will provide insight and engage in thought-provoking discussions.
  • Optimization of global value chains (GVCs)“is also particularly relevant, as developed and emerging economies are called upon to reposition and optimize their supply chain systems, not only in terms of profitability but, more importantly, in terms of logistics expertise and long-term regional stability.As GVCs are revisited, redesigned and transformed, this will be reflected in investor preferences, in addition to any complementary initiatives that are implemented by regulatory authorities.
  • The establishment of a competitive digital investment infrastructure has now become mandatory for positioning Investment promotion agencies (API) as favorable business environments, which was evident in the model of global economic recovery. This question will be explored during the session “Accommodation of virtual DFIs: no longer a wacky concept, but a prerequisite”.
  • According to UNCTAD, only half of IPAs worldwide recognize the impact of attracting FDI to their national areas. the Special economic zones (SEZs) the “Walking the Talk Beyond Fiscal Incentives” session will discuss the rationale for creating ZES: what makes them mutually prosperous and sustainable in today’s business environment; and how to best develop their development through constructive partnerships.
  • When selecting an FDI location, countries with a more skilled and more educated workforce tend to attract more entirely new FDI projects (UNCTAD, WIF). In the wake of workforce flexibility, countries are increasingly promoting diverse and digitally savvy talent pools to take advantage of FDI. The ‘Seizing the Opportunity to Attract and Retain the Talent Pool’ session will present an opportunity where policymakers and employers come together to tackle the issue of a functional and resilient workforce from a distance in the workplace. fragmented global economy today.
  • Focusing on three regional topics that examine the economic landscapes of Africa, Asia and Latin America, the third day of FDI pillar activities will explore the risks, challenges and growth opportunities of regions that require a increased regional cooperation.

Mr. Dawood Al Shezawi, Chairman of the AIM Organizing Committee, said:

“Since the global pandemic, the Annual Investment Meeting has undertaken several innovative and technology-driven initiatives to transform the economy in a bottom-up direction. The platform continued to drive investment through smart solutions. She has also encouraged the development of several projects that add value for investors and the economy in general. AIM recognizes the continued success of the UAE and will serve as an instrument to further establish future economic developments and stimulate FDI inflows around the world.

The annual investment meeting continues to enjoy the support of several government ministries and departments, special economic zones (SEZs), smart city solution providers, venture capitalists, angel investors and several financial institutions. to offer SMEs and start-ups a multitude of opportunities. In addition to AIM’s FDI pillar, the annual investment meeting consists of five other pillars: i) the 50 initiatives pillar; (ii) the pillar of small and medium-sized enterprises (SMEs); iii) the pillar of future cities; iv) The Start-ups pillar; and v) the FPI pillar.

For more information on AIM 2022, please visit www.aimcongress.com.

About the annual investment meeting

The Annual Investment Meeting (AIM) is the world’s leading platform for foreign direct investment (FDI), aimed at facilitating strategic networking and promoting investment. It is the largest gathering of the international community of investors, policymakers, business leaders, regional and international investors, entrepreneurs, academics and leading experts, presenting information and strategies to day to attract FDI.

It brings together key decision makers from around the world, bringing together companies and countries willing to engage in lasting partnerships with investors. It offers a variety of features aimed at facilitating strategic networking and promoting investments while providing an engaging learning experience.

For press inquiries, please contact Angie.Mahran@aimcongress.com.

Related images

Image 1: Dr Thani bin Ahmed Al Zeyoudi

Minister of State for Foreign Trade and Minister responsible for Attracting and Retaining Talent at the UAE Ministry of Economy

This content was posted through the press release distribution service at Newswire.com.

  • Dr Thani bin Ahmed Al Zeyoudi


Source link

]]>