The Economist Intelligence Unit has just upgraded our growth forecast for China to 1.7% this year, up from 1.4% at the height of the Covid19 crisis. Despite escalating trade tensions between the US and China, the rebound has been driven in part by a strong bounce in export growth from both the US and other markets as all those home workers order computer equipment.
China's ongoing drive to prepare for a digital future with infrastructure spending could prompt the EIU to upgrade our forecast China forecast again before the end of the year, despite the fact that we are very bearish on the global economy and only expect a recovery to pre-Covid growth levels by 2022.
The ongoing pandemic and growing China-US tensions, makes for an extremely challenging operating environment; one that is nicely summarised by a phrase recently coined by The Economist: "the 90% economy".
More than ever, business leaders need reliable, timely information and strong networks to support their difficult decision making. We believe that in-person networking remains a vital part of what we do, but will limit numbers in the room for breakfast to 48 and also offer a live-streaming option.
So at this critical juncture for the global economy, we invite you to join us and our panel of economists and business leaders for our Regional Strategic Forecast as we discuss:
- The outlook for the global economy and regional highlights for 2021 and beyond.
- What factors will determine how well different economies will do in the recovery, and where might some opportunities lie
- Dealing with debt - at an individual, corporate and sovereign level.
- Our predictions for currencies, trade, supply chains and jobs
- The key risks beyond Covid19, how they might play out, and what they mean for our region.
- The impact of the low oil-price environment and shifting commodity prices on global and regional growth.
- Tomorrow's big questions: what next for civil liberties, globalisation and capitalism?