Trust

WHAT'S NEXT?: Trust in politicians and experts is falling fast. Privacy is under threat and may lead to a collapse of confidence in technology as the world is increasingly networked. Unless reliability, integrity, and surety can keep pace with accelerating change trust in anything but oneself may disappear.

• [New] In Uganda, the economy is projected to grow at 6.3% this year compared with 6.1% in June based on assumptions of a stable global economy, maintained private sector credit confidence and the planned investments in oil and gas sector, a head of production in 2023.
• [New] Of all countries surveyed, Japanese respondents showed the most trust in autonomous cars, with 20% saying autonomous cars are already better drivers than humans and an additional 45% believing autonomous cars will surpass humans within 10 years.
• [New] The market for GaN in power electronics is projected to increase at a compound annual growth rate of 93% by 2023.
• Trade tensions between the US and China seem unlikely to be resolved this year, and are expected to flow on to lower business and investment confidence and to a slowdown in global economic growth.
• The global food texture market is expected to increase at a compound annual growth rate of 6.2% from 2017 to 2025.
• The IMO 2020 sulfur rule combined with a trade deal with China could make the U.S. the largest oil exporter within the next five years.
• Reliance on AI to combat cybersecurity threats looks set to increase by several orders of magnitude over the next few years.
• The benefits of blockchain could provide an important new approach to further improving trust in the biopharmaceutical supply chain.
• The European Commission has continued promoting the deployment of a European strategy on AI: A European approach on AI will boost the European Union's competitiveness and ensure trust based on European values.
• Confidence indicators are fluctuating on a monthly basis, depending on short-term indicators ranging from speculation over tariffs and trade wars to political wild cards, with a potential global slowdown looming for 2019 and 2020.
• Global growth this year could be, by a slim margin, the slowest in a decade during which the annual rate of global GDP expansion has been steady.
• The United States faces more than $400 billion in costs over the next 20 years, much of it sooner, to defend coastal communities from inevitable sea-level rise: More than 130 counties face at least $1 billion in costs, and 14 states will see expenses of $10 billion or greater between now and 2040.
• All real estate categories, including retail, are likely to experience one or more market disruptions that could influence the volume and value of M&A activity.
• After weakness in 2019, EMDE growth is expected to recover in 2020-21, as headwinds in key economies fade, but investment will remain subdued.
• Due to the growing importance of the Internet in the modern world, the ICT sector is expected to grow rapidly over the coming years.
• Models take into account that India will need 3 4GW/136GWh of battery energy storage systems by 2030 to balance the grid reliability and stability needs of 440 GW of variable renewable energy capacity, supported by 7 3GW of hydro and 10 GW of biomass.
• The growth of weighted GDP in the countries that are important for Sweden's foreign trade is expected to weaken in the coming years.
• Tariffs imposed on a wide range of imports from China are expected to push inflation and interest rates higher, dampening consumer and business confidence.
• Forward-thinking businesses will take compliance pressures as an opportunity to build deep trust with their customers.
• By enabling decentralized trust, providing transparency and reducing friction across business ecosystems, Gartner believes blockchain will create $3.1 trillion in business value by 2030.
• Business confidence in South Africa remains wracked by unemployment at 27% and GDP growth forecast by the International Monetary Fund at just 1.2% this year.
• The policy mix instituted by Bank Indonesia, the Government and other relevant authorities will continue to sustain economic growth momentum, which Bank Indonesia projects in the 5.0 - 5.4% range in 2019.
• High cost of subsidies and the Niger Delta amnesty program as well as the implementation of the new minimum wage will further stretch the government's purse and could cause fixed income investors to demand a higher yield for their investments, thereby worsening the government's fiscal profile.

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Last updated: 13 October 2019