On 26 January we held an economic forecast event at the Warwick Business School campus on the 17th floor on the Shard. Despite the weather on the day, the venue still provided us with spectacular views over London.
The event involved a panel of experts providing their insight into the likely economic trends to emerge in the coming year.
Included amongst the speakers were James Sproule, Chief Economist at the Institute of Directors who pointed out that Nigel Farage had changed more in the UK than any other politician in the last 10 years, although it was too early to say whether or not it was a good or a bad change.
We were also joined by Mike Jakeman, Global Analyst at the Economic Intelligence Unit. The event came just hours after the Economist Intelligence Unit downgraded the United States to a flawed democracy and US politics featured very highly during the evening. Mr Jakeman provided us with fascinating insight into Trumpisms, Trumpenomics, fake news and other trends to look out for across the pond this year. It was also predicted that the price of oil will not rise about US$75 dollars next 5 years. It appears that political risk doesn't seem to affect the oil price anymore, or at least not nearly to the same extent that it once did.
The event was also jointly held with the British Malaysian Society, and we were lucky to be joined by Piers Willis of Rothschild to provide us with an update on the ASEAN region. In quick summary he was positive on the whole region, although called for more benign politics in several countries. He was optimistic about the Philippines, Singapore, Vietnam and Indonesia, whilst acknowledging that risks still exist (such as President Duterte). Improvement or the overcoming of obstacles is still needed in Thailand and Malaysia. He also indicated that Brexit will not be a ‘game changer’ in British or world economics.
After a very detailed panel discussion we moved on to networking and refreshments in the WBS campus. The facilities provide a range of learning inputs including MSc Finance, an Executive MBA and Executive Education. It is considered one of Europe’s leading university-based business schools and ranks among the very best in the world.
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