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Talent scarcity, technology and jobs: insights from Davos on the future of work

On May 25th, I launched our latest research on global employment trends and scenarios in Davos, Switzerland. At an event organised by The Adecco Group (who also supported the report we launched), we discussed talent scarcity and the future of work. Key to this conversation was the difficulties of accessing strong candidates in specific sectors and the risks and opportunities related to automation. In the broader macroeconomic context of the next decade, these challenges suggest that both business leaders and policymakers face an uphill battle on productivity and wages across all sectors.

Attracting FDI for sustainability: a sector-specific challenge for policymakers

Our survey of 376 C-suite executives from multinationals in the energy, finance, healthcare, IT and manufacturing sectors shows that although many companies are making the right statements about their commitment to sustainability, cost usually remains the decisive factor.

Covid-19’s impact on personal finance in Asia

Covid-19’s impact on personal finance in Asia was researched and written by Michael Frank and Sakshi Tokas of Economist Impact. Home Credit is the sponsor of this report. The analysis and conclusions herein are the work of Economist Impact and do not necessarily reflect the views of Home Credit.
 
The report’s authors would like to thank the following experts for sharing their time and insights as part of the research process:

Growth amid uncertainty – how companies are seeking growth in today’s global economy

According to the International Monetary Fund (IMF), the global economy contracted by 3.1% in 2020. Global trade, meanwhile, fell by 5.3% during the same year according to the World Trade Organisation (WTO). A recovery began in 2021, as global growth rebounded by 5.9% and trade grew by 10.1%. However, the outlook for global growth has become increasingly uncertain. The impact of the pandemic still lingers as new outbreaks lead to further disruptions in supply chains, and the war in Ukraine has added another major shock to the global economy.

Cultivating Ties: Deepening trade and investment between Latin America and the GCC

As Latin American countries navigate the post-pandemic economic recovery, they are discovering that there are fresh opportunities to seize and new relationships to forge. Companies in the region are riding the surge in commodity prices, which benefits their agricultural and metal exports, and are positioning themselves as the partner of choice for companies that are diversifying their supplier base for products ranging from medical devices to cosmetics. 

Bridging digital divides key to Asia-Pacific’s economic recovery, Economist Impact study finds

Digital inclusion: The policy journey towards greater opportunities

Digital inclusion can stimulate economic growth and development. During the current covid-19 pandemic, countries are looking to seize on digital opportunities to maintain services and build for the future. An increase in online connectivity based on new technology infrastructure, such as 5G networks, is necessary from a supply-side perspective, while the demand-side, in terms of raising awareness and enhancing digital skills, is important to reap the full benefifits of access.
 

Trade challenges and opportunities in the post-pandemic world

Trade restrictions, such as temporary export bans and other non-tariff barriers, have mushroomed while many multinational negotiations on trade are at an impasse.1 The pandemic imposed an unprecedented shock on global trade and investment as lockdowns and border closures fettered the free movement of people and goods. Capital flows plunged by 35% to US$1trn in 2020, while trade in services declined by 20%.2,3 On the other hand, global trade in goods proved remarkably resilient.

Services trade is fundamental to new-globalisation

Services trade is vital to the growth of the global economy and comes in many forms. However, their contributions are often wrongly underestimated. Services span Indian exports of software services and foreign banks providing financial services to domestic customers to consumers downloading music or movies from an overseas provider or even the English cricket team receiving lessons in Australia.

Preparing for the main event: what will be discussed at Davos

Look ahead to the summer with an early briefing

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