Global Economy and MENA - Abu Dhabi
January 21, Foreign Correspondents Club, Abu Dhabi
David K. Young, our CEO, briefs international and domestic journalists, academics, diplomats and government officials for conversation on the Global Economic Outlook and the MENA Forecast, hosted by Binsal Abdul Kader, Executive Editor, WAM (Emirates news agency)
CEO David K. Young participated January 21 in the latest of a series of events organised by the Foreign Correspondents’ Club.
Mr. Young analysed the International Monetary Fund’s latest projections for the global economy and especially for the Middle East and North Africa region. Geopolitical instability, trade wars, political intervention in monetary policy and debt crisis will be the major factors influencing the global economic growth in 2020. Less than 15 percent of the organisations across the globe have taken active steps to address the potential impact of geopolitical uncertainty, the CEO pointed out.
Elections in many countries, including in the US and Poland, the roll of out 5G [the fifth generation wireless technology for digital cellular networks] and IOT [Internet of Things], and cybersecurity threats will also impact the global economy, Mr. Young said.
In the Middle East and North Africa, especially in the Arabian Gulf, economic diversification, succession of rulers and Expo 2020 Dubai will be key determinants for the regional economy.
David K. Young CEO