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] China's growth is expected to slow through the first half of 2019 as the lagged effects of deleveraging and trade tensions weigh on consumption and business confidence, before stabilizing amid increased policy easing to support the private sector and infrastructure.
[New] There is little doubt that China will continue to prioritize domestic innovation, not least to reduce its reliance on imports of advanced technology.
[New] China's reliance on crude imports will continue to increase, with the institute predicting a 9.8% growth in imports this year to 505.3 million tonnes (10.15 million bpd).
The European Union will seek to double imports of liquefied natural gas from the United States by 2023, as part of its efforts to ease transatlantic trade tensions and reduce its reliance on Russian gas.
International Monetary Fund says concession expirations an opportunity for Macau to reduce VIP gaming reliance.
Positive economic factors, including low unemployment, high consumer confidence, and low gas prices, will sustain the auto market in 2019.
The IEA forecasts use of natural gas will rise by 45 percent between 2016 and 2040, underpinning confidence in gas as a long-term energy source.
Competition in the Asian food and beverage market should intensify in 2019 as rising trade tensions threaten to hamper economic growth and erode consumer confidence.
Countries implementing good digital ID could unlock economic value equivalent to 3-6 percent of GDP on average by 2030, making digital ID a potential force for inclusive growth, especially in emerging economies.
Our analysis of Brazil, China, Ethiopia, India, Nigeria, the United Kingdom, and the United States indicates that individual countries could unlock economic value equivalent to between 3 and 13 percent of GDP in 2030 from the implementation of digital ID programs.
Brexit and China shocks will have a modest impact on the Euro Area economy, but the combination of both shocks could hit confidence and spell greater trouble.
55 percent of CEOs think a lack of trust is a threat to their organization's growth.
67 per cent of business leaders hold the belief that AI and automation will have a negative impact on stakeholder trust levels in their industry within the next five years.
Spain's plan will generate investment worth 200 billion euros, the government said, and should cut its reliance on imported energy to 59 percent from 74 percent over the decade.
Moody's maintained its stable outlook for Lebanese banks due to expected flows of customer deposits and economic growth, while highlighting the need for reforms from the new government to restore consumer and business confidence.
About one-third of companies view security as a threat to business growth, but a single cybercrime can rack up $13 million in cost, not to mention the cost of rebuilding brand trust and image.
Twenty-four of NATO's 29 members increased their defense budgets in 2018, and nine NATO members will this year reach the NATO benchmark of spending two percent of GDP on defense-compared with just four members in 2014.
Forrester researchers predicted by the end of 2019, over 50 percent of the top advertisers will use blockchain for media buying supply chain transparency.
IDC predicted by 2021, 30 percent of manufacturers will build digital trust using blockchain technology, and collaborative supply chains will give consumers direct access to product histories by 2021.
Renewed growth in US motor vehicle production - which had fallen flat in the 2013-2018 period - will also support gains: Production gains will remain relatively slow through 2023, due in large part to an increasing reliance on imports of motor vehicles.
Corporate bankruptcies in New Zealand are expected to decrease 3% in 2019, supported by high business and consumer confidence, and a weaker New Zealand dollar boosting exports and tourism.
In the eurozone, weak consumer and business confidence are expected to result in a decline in consumption and investment growth in 2019.

Last updated: 19 May 2019