Europe has done remarkably well against a turbulent backdrop. After years of crises and their fallouts, a soft landing for the continent’s economies is within reach. Securing it will require careful calibration of macroeconomic policies. As the cyclical recovery runs its course, growth will increasingly depend on structural factors. Yet there are several formidable headwinds to growth, including weakening productivity, an aging population, and underinvestment. Navigating these headwinds to higher medium-term growth will require structural reform efforts that should begin now. For the EU, this means urgently tapping the significant potential from further European integration. Combined with complementary measures at the domestic level, these reforms would go to show once again how Europe can overcome even the most severe obstacles when acting decisively and together.
The just released IMF Regional Economic Outlook for Europe discusses the economic reform agenda needed to cope with these multiple challenges. The discussion will focus on what policymakers in Brussels and at the national level can and should do to return Europe to greater competitiveness and faster growth.
The Regional Economic Outlook will be presented by Mr. Alfred Kammer, Director of the European Department at the IMF. He will then be joined by Ms. Maria Demertzis, Senior Fellow at Bruegel, and Ms. Christiane Nickel, Deputy Director General of DG Economics at the European Central Bank, for a panel discussion moderated by Ms. Maria Tadeo, Europe Correspondent.
https://www.imf.org/en/Publications/REO/EU/Issues/2024/04/05/regional-economic-outlook-europe-april-2024
Published: 15th May 2024 02:15:36 By: IMF
IMF Video: Perspectives économiques régionales : Moyen-Orient et Afrique du Nord, avril 2024
Le conflit à Gaza et en Israël, qui provoque d’immenses souffrances humaines, s’ajoute aux difficultés existantes au Moyen-Orient et en Afrique du Nord. Explications de Jihad Azour, directeur du département Moyen-Orient et Asie centrale du FMI : https://www.imf.org/fr/Publications/REO/MECA/Issues/2024/04/18/regional-economic-outlook-middle-east-central-asia-april-2024
Published: 9th May 2024 08:57:55 By: IMF
IMF Video: Perspectives économiques régionales: Afrique Subsaharienne | Avril 2024
Après quatre années mouvementées, les perspectives pour l’Afrique subsaharienne s’améliorent progressivement. La croissance va passer de 3,4 % en 2023 à 3,8 % en 2024, et près des deux tiers des pays s’attendent à une croissance plus élevée. https://www.imf.org/fr/Publications/REO/SSA/Issues/2024/04/19/regional-economic-outlook-for-sub-saharan-africa-april-2024
Published: 6th May 2024 03:47:50 By: IMF
IMF Video: Perspetivas Económicas Regionais para a África Subsariana, abril de 2024
O ano de 2024 pode marcar um ponto de virada para a África Subsaariana após quatro anos desafiadores de choques. Projetamos que o crescimento aumente para 3,8% em 2024, frente a 3,4% no ano passado. Thibault Lemaire do FMI, apresenta a análise do nosso mais recente relatório sobre as perspectivas econômicas regionais.
Published: 1st May 2024 07:56:24 By: IMF
IMF Video: Unveiling the Global Public Finance Partnership: First Partners, First Projects
This event announces the first contributions to the Global Public Finance Partnership (GPFP) and initial workplan. Launched in 2024, the GPFP will assist in fostering good policies and strong management of member countries’ public resources by combining the IMF’s leading expertise on public revenue and spending. The GPFP aims to support the G20’s call to boost domestic resource mobilization, as stressed in the Managing Director’s Global Policy Agenda presented in October 2023. It will primarily support low-income developing countries and fragile and conflict-affected states in boosting domestic resource mobilization and managing public spending more effectively. https://www.imfconnect.org/content/imf/en/annual-meetings/calendar/open/2024/04/18/183460.html
Published: 30th Apr 2024 06:26:33 By: IMF
World Economic Forum Video: VR Can Boost Empathy & Bus Powered by Dates | WEF | Top Stories of the Week
This week's top stories of the week include:
0:15 VR can boost empathy – Virtual reality (VR) shows promise in increasing empathy and encouraging donations towards refugee crises. The study's authors suggest VR's immersive nature bridges ideological divides, influencing attitudes in a way traditional media might not. This has significant practical implications for NGOs and aid agencies seeking to raise awareness and secure donations for humanitarian crises.
1:53 This bus in Oman is powered by dates – It’s the first of its kind in the Middle East. The bus runs on biodiesel made from waste date kernels produced by scientists at Oman’s Sultan Qaboos University. The date kernels are washed, dried and crushed and the oil is extracted using alcohol before a chemical catalyst converts it into biodiesel. The bus made its inaugural journey in December 2022.
4:46 Building ships with the metaverse – The metaverse offers a groundbreaking solution: digital twins. Using AI, designers can create a photorealistic, virtual replica of the entire ship. This allows them to identify and fix any issues during the design phase, well before construction begins.
6:16 3 leading insights on AI – Experts predict 69 million jobs will be created over the next 5 years while 83 million jobs will be lost, a 2% net decrease in employment. Despite this, Freakley says AI will help boost economies facing labour shortages.
_____________________________________________
The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
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Published: 18th May 2024 12:00:27 By: World Economic Forum
World Economic Forum Video: Tinder Swindler: how 'romance fraud' became a multi-billion dollar cybercrime
The Netflix documentary 'The Tinder Swindler' is a mind-boggling case of so-called 'romance fraud' in which a charming, handsome - and apparently very rich - man meets women on a dating app - gets them to fall in love with him - and then cons them out of lots of money.
Cecilie Fjellhøy is the Norwegian woman at the centre of the documentary whose life was torn apart by the actions of a conman. A survivor of romance fraud on a grand scale, she now advocates for the rights of, and support for, others who find themselves in similar grim circumstances.
We also hear from Sean Doyle, who works at the World Economic Forum’s Centre for Cybersecurity, on just how widespread romance fraud really is, why it’s a multinational, multi-billion form of cyber crime, and what is being done to combat it.
Links:
Centre for Cybersecurity: wef.ch/cybersecurity (https://wef.ch/cybersecurity)
Cybercrime Atlas: https://initiatives.weforum.org/cybercrime-atlas/
Cecilie Fjellhøy (https://www.ceciliefjellhoy.com/) 's organisation LoveSaid: https://www.lovesaid.org/
The Tinder Swindler documentary:
Related podcasts:
Global Risks Report: the big issues facing leaders at Davos 2024 (https://www.weforum.org/podcasts/radio-davos/episodes/global-risks-report-davos-2024/)
Ransomware and ransom-war: why we all need to be ready for cyber attacks (https://www.weforum.org/podcasts/radio-davos/episodes/cybersecurity/)
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Meet the Leader (https://www.weforum.org/podcasts/meet-the-leader) - subscribe (https://pod.link/1534915560) : https://pod.link/1534915560
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Published: 16th May 2024 04:24:32 By: World Economic Forum
World Economic Forum Video: Banking Uplifts Women in Pakistan & World's Busiest Airports | WEF | Top Stories of the Week
This week's top stories of the week include:
0:15 Banking uplifts women in Pakistan – Pakistan has a large gender gap in financial inclusion. 47% of men have at least one registered financial account but just 13% of women. Even for those with an account, banking can be prohibitively time-consuming, especially for women who are running a business alongside a household. Now a new kind of digital banking service is helping to close this gap.
2:23 World's busiest airports revealed – The world's busiest airports in 2023 were dominated by the United States, with five airports cracking the top 10. Overall, global airports saw a significant rebound in 2023, handling a total of 8.5 billion trips.
4:39 WMO: Asia hardest hit by climate – In 2023, Asia saw a wave of extreme weather events from floods to cyclones. World Economic Forum Head of Climate Adaptation Eric White explains why climate change is making extreme weather more likely.
7:07 Saving Earth with space science – Simonetta Di Pippo says that space is already helping tackle the greatest challenges on Earth. Satellite connectivity is improving our management of disasters and powering digital transformation. Which is revolutionizing sectors from healthcare to education, retail and communication.
_____________________________________________
The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
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Published: 13th May 2024 03:03:05 By: World Economic Forum
World Economic Forum Video: Special Meeting 2024: The Role of New Nuclear
Nuclear energy is part of the solution to meeting the growing demand for green power, with innovations from small modulator reactors to fusion providing opportunities beyond existing power plants.
What is the enabling environment needed to support the commercial viability of new nuclear solutions?
This is the full audio from a session at the Special Meeting on Global Collaboration, Growth and Energy for Development in Riyadh on 29 April, 2024. Watch it here:
https://www.weforum.org/events/special-meeting-on-global-collaboration-growth-and-energy-for-development-2024/sessions/the-role-of-new-nuclear/
Catch up on all the action from the Special Meeting on Global Collaboration, Growth and Energy for Development at wef.ch/specialmeeting24 (http://wef.ch/specialmeeting24) and across social media using the hashtag #specialmeeting24.
Speakers:
Shunichi Miyanaga, Chairman of the Board, Mitsubishi Heavy Industries, Ltd.
Rafaela Guedes, Senior Fellow, Brazilian Centre for International Relations (CEBRI)
Kirsty Gogan, Founding Director and Co-Chief Executive Officer, TerraPraxis
Kam Ghaffarian, Co-Founder and Executive Chairman, Axiom Space, Inc.
Cosmin Ghita, Chief Executive Officer, Societatea Nationala Nuclearelectrica SA
Check out all our podcasts on wef.ch/podcasts (http://wef.ch/podcasts) :
YouTube: (https://www.youtube.com/@wef/podcasts) - https://www.youtube.com/@wef/podcasts
Radio Davos (https://www.weforum.org/podcasts/radio-davos) - subscribe (https://pod.link/1504682164) : https://pod.link/1504682164
Meet the Leader (https://www.weforum.org/podcasts/meet-the-leader) - subscribe (https://pod.link/1534915560) : https://pod.link/1534915560
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Published: 13th May 2024 08:05:10 By: World Economic Forum
World Economic Forum Video: Spatial computing: why the future of the internet is 3D
'Spatial computing', 'blended reality', 'the metaverse'. For those of us who still use screens and keyboards to access the digital world, those phrases might not mean very much. But many experts believe the '2D' internet will soon be a thing of the past, and we will all be, one way or another, in a 3D metaverse.
With Apple's Vision Pro headset renewing interest in virtual reality, we speak to two proponents of the metaverse who see both huge opportunities and significant risks.
Guests:
Yonatan Raz-Fridman, CEO of Supersocial and host of the podcast “Into the Metaverse” (https://www.intometamedia.com/)
Brittan Heller, lecturer on International Law, Technology, and Human Rights, Stanford University.
Links:
Centre for the Fourth Industrial Revolution: https://centres.weforum.org/centre-for-the-fourth-industrial-revolution/home
Metaverse Identity: Defining the Self in a Blended Reality: https://www.weforum.org/publications/metaverse-identity-defining-the-self-in-a-blended-reality/
Navigating the Industrial Metaverse: A Blueprint for Future Innovations: https://www.weforum.org/publications/navigating-the-industrial-metaverse-a-blueprint-for-future-innovations/
Related podcasts:
Meeting in the metaverse: Actor Rainn Wilson joins us on the virtual polar ice (https://www.weforum.org/podcasts/radio-davos/episodes/global-collaboration-village-climate-tipping-points-hub-metaverse-rainn-wilson/)
What 20 years of Second Life can teach us about the future of the metaverse (https://www.weforum.org/podcasts/radio-davos/episodes/metaverse-philip-rosedale-second-life/)
Not just for gamers: how the metaverse might impact your life (https://www.weforum.org/podcasts/radio-davos/episodes/metaverse-applications-social-impact/)
Check out all our podcasts on wef.ch/podcasts (http://wef.ch/podcasts) :
YouTube: (https://www.youtube.com/@wef/podcasts) - https://www.youtube.com/@wef/podcasts
Radio Davos (https://www.weforum.org/podcasts/radio-davos) - subscribe (https://pod.link/1504682164) : https://pod.link/1504682164
Meet the Leader (https://www.weforum.org/podcasts/meet-the-leader) - subscribe (https://pod.link/1534915560) : https://pod.link/1534915560
Agenda Dialogues (https://www.weforum.org/podcasts/agenda-dialogues) - subscribe (https://pod.link/1574956552) : https://pod.link/1574956552
Join the World Economic Forum Podcast Club (https://www.facebook.com/groups/wefpodcastclub) : https://www.facebook.com/groups/wefpodcastclub
Published: 9th May 2024 06:26:45 By: World Economic Forum
Economic Video: What's behind the historic stock market highs and how it relates to the overall economy
This has been a big week for the stock market. The Dow Jones, the much broader S&P 500 and the NASDAQ all reached record highs with the Dow crossing the 40,000 threshold for the first time. The markets have rallied back from the recent lows of 2022 and the Dow is about 40 percent higher than when the pandemic started. Geoff Bennett discussed more with Roben Farzad of Full Disclosure.
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Published: 17th May 2024 10:26:46 By: PBS NewsHour
Economic Video: Boeing shareholders approve CEO's compensation as company faces investigations, possible prosecution
Boeing shareholders on Friday approved CEO David Calhoun's $32.8 million compensation and heard leaders explain what the troubled aircraft maker is doing to improve the quality and safety of its planes after a door plug blew off a Boeing 737 Max jetliner in January.
Calhoun said the company is finishing a 90-day plan for fixing its manufacturing problems — a report the Federal Aviation Administration demanded after the door-plug blowout.
The CEO added that the company is still working to complete an acquisition of key supplier Spirit AeroSystems, but he gave no deadline for completion. Spirit makes fuselages for Max jets and has been a source of manufacturing flaws.
Read more: https://www.king5.com/article/money/business/boeing-shareholders-approve-ceo-compensation/281-50baa741-f9fa-4647-85e0-9981c2c3510e
Published: 18th May 2024 02:10:37 By: KING 5 Seattle
Economic Video: Elon Musk arrives in Indonesia to launch Starlink satellite internet service
Elon Musk has arrived in Indonesia’s resort island of Bali to launch Starlink satellite internet service in the world’s largest archipelago nation. The billionaire head of Tesla and SpaceX and owner of social platform X arrived Sunday by private jet on the idyllic “island of the gods." Read more here: http://apne.ws/4NxltxA
#elonmusk #starlink #indonesia
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This video may be available for archive licensing via https://newsroom.ap.org/home
Published: 19th May 2024 04:26:14 By: Associated Press
Economic Video: Blue Origin schedules human flight for Monday from West Texas
Blue Origin has scheduled its seventh human flight and liftoff is scheduled for Sunday, May 19 from the Jeff Bezos-owned company’s Launch Site One in West Texas, about 30 miles north of Van Horn.
Published: 18th May 2024 11:58:56 By: KTSM 9 NEWS
Economic Video: OpenAI Chief Scientist Ilya Sutskever to Leave the Company
OpenAI Chief Scientist and co-founder Ilya Sutskever will depart the artificial intelligence company, ending months of speculation about the future of a top AI researcher who played a key role in the brief ouster of Sam Altman last year. Tom Mackenzie reports on Bloomberg Television.
For more on this story, please see: https://www.bloomberg.com/news/articles/2024-05-14/openai-chief-scientist-ilya-sutskever-is-leaving-the-company
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Published: 15th May 2024 11:51:20 By: Bloomberg Television
Business Video: Trump Media’s accounting firm charged with ‘massive fraud’
BF Borgers, Trump Media & Technology Group’s independent accounting firm, was charged by the Securities and Exchange Commission with widespread fraud and accused of operating a “sham audit mill.” The SEC made no allegation of wrongdoing against Truth Social owner Trump Media (DJT), which is not mentioned in the charges from the regulator. #CNN #News
Published: 3rd May 2024 06:09:26 By: CNN
Business Video: Forbes editor predicts Trump stock prices could fall another 90%
Trump Media & Technology Group’s stock is tumbling again after the company announced a potentially massive new influx of shares. Forbes editor Dan Alexander reacts. #CNN #News
Published: 16th Apr 2024 12:30:13 By: CNN
Business Video: Boeing 737-800 engine cover falls off during Southwest flight
A Houston-bound Boeing 737-800 plane operated by Southwest Airlines returned safely to Denver International Airport on Sunday after an engine cover fell off and struck the wing flap, according to the Federal Aviation Administration.
The agency said it will investigate.
In recorded air traffic control audio, one of the pilots said that “several passengers and flight attendants heard something loud hit the wing.”
In a statement to CNN, Southwest said passengers would take another plane to Houston and would be approximately three hours behind schedule.
“We apologize for the inconvenience of their delay but place our highest priority on ultimate Safety for our Customers and Employees,” the statement said. Southwest said no injuries were reported.
Boeing declined to comment and referred CNN to Southwest for information about plane and fleet operations.
#boeing #CNN #News
Published: 8th Apr 2024 12:10:48 By: CNN
Business Video: Ne-Yo on AI impact on music: 'How is it creative to mimic me?'
Late night host Jimmy Fallon poked fun at former President Donald Trump after shares of stocks in his social media platform, Truth Social, plunged over an SEC filing that revealed the company lost millions in revenue in 2023. #cnn #news
Fri, 17 May 2024 05:00:00 GMT More than a third of the state’s largest municipalities lost people last year as older people moved out or moved on, and younger people flocked to cities with new housing options.
Fri, 17 May 2024 03:16:00 GMT The people I met at the U.S.-Mexico border are desperate migrants trying to support their families and propping up our economy.
Thu, 16 May 2024 09:34:00 GMT U.S. Customs and Border Protection recorded nearly a quarter of a million encounters with illegal immigrants trying to enter the United States last month.
Wed, 15 May 2024 23:00:00 GMT Instead, if the president wins in November, we get more taxes, debt and government, but less energy and, of course, less freedom.
Tue, 14 May 2024 03:00:02 GMT If voters return former President Donald Trump to the White House, he’s promised to launch an unprecedented crackdown on immigration and even conduct mass deportations.