Renowned economist and thought leader Professor Nouriel Roubini, Chairman of Roubini Macro Associates, a global macroeconomic consultancy firm in New York, laid out, in his Keynote address at TOP CEO 2019 Bahrain, plans for building Knowledge Economies in the GCC as part of their economic diversification.
Prof. Roubini focused on the new global economic realities, the future of Fintech, digital transformation, energy prices and more.
Volatility and uncertainty
“The topic of this conference is ‘Growth in a volatile future’ and certainly we live in uncertain times. There are important technological uncertainties, such as artificial intelligence, machine learning, robotics and automation, that will define the future of jobs. Also, there is great speculation on what’s going to happen to energy markets in the long term taking into account US shale gas and the resurgence of renewables.
“So there are lots of things are related technology and science, but also policy, political and geopolitical uncertainties.
“On the policy side, what’s going to be the outlook for monetary and fiscal policy, or trade policies or structural policies in advanced economies and emerging markets?
“As far as geopolitical uncertainties, there is this new rivalry between US and China that may lead to another cold war. There’s a wide range of geopolitical uncertainties in the Middle East that can affect the economy, markets, and energy prices.”
This is from the keynote speech given by Professor Nouriel Roubini during Top CEO 2019.