According to analysts from Bank of America Merrill Lynch (BAML), a range of economic and social challenges are "heading to a boiling point... We enter the next decade with interest rates at 5,000-year lows, the largest asset bubble in history, a planet that is heating up, and a deflationary profile of debt, disruption and demographics... We will end it with nearly 1 billion people added to the world, a rapidly ageing population, up to 800 million people facing the threat of job automation and the environment on the brink of catastrophic change."
Economic Predictions for the 2020s
November 15th, 2019
Trade uncertainty, shifting economic power,
and social upheaval are some of the key issues likely to reach boiling point
over the next decade. According to one of the world's largest banks,
significant shifts in the global economic landscape could reverse many of the
defining trends of the past four decades. Population growth, environmental
catalysts, and changing attitudes to globalisation are igniting the change,
with adaptation key as we head into the 2020s.
