What Anthony Robbins , Warren Buffet Predicts For World Economic Performance?
Several eminent people believe that the wold economy will not do well in 2013. But, there are several positive signs in the current state of the economy.Tony Robbins along with other great minds like Warren Buffett, San Antonio Mayor Julián Castro and Spanx founder Sara Blakely talk about 2013's economic outlook .
9 positive signs for the 2103 economic outlook
1. People are buying second home. A housing renaissance is already underway in USA.2.Strong profits and low interest rates have allowed firms to substantially lighten their debts and generate a flood of cash. Businesses will soon realize that to keep their earnings and stock values healthy, they need to seek new growth opportunities.
3. People are investing in recreational activities
4. New restaurants are opening and needs prior reservation to get a seat.
5. Not easy to get flight tickets at the last moment for business hubs
6. Hotels in top 50 cities across the globe has healthy occupation
 |
| economic growth |
7. Governments are trying to reduce debt liabilities. This will improve investment and reduce uncertainty.
8. Arrival of NEW disruptive technology is creating new job opportunities.
9. Asia will grow, especially the emerging countries (which include China and India). The advanced economies (the largest of which are Japan and Australia) are expected to grow moderately. My own inclination is to bump up the IMF forecast for Asia by about a percentage point for both sub-groups.
10. Foreseeable external threats—euro collapse and a hard Chinese landing—seem less worrying now than they have over the past two years.
11. An immigration reform that makes it easier for workers to move to America, especially those with high skill levels, seems achievable.
The way in which Fed policy evolves this year will tell us a lot, not just about the growth trajectory to expect but about when and why the next downturn might occur.
On the whole, the global economy, while not yet free of downside risk, appears set for a year of transition to better-balanced economic growth, albeit with lagging employment and income inequality continuing to hamper a robust recovery.
Additional resources on economic forecast :Indian economy may beat expectations in 2013: Goldman Sachs
Lagging employment, more than any of these other factors, is likely to continue to hinder economic growth and recovery. Some states, such as Michigan, have seen negative employment growth for 10 years or more.
ReplyDelete