Saturday, January 28, 2017

BookMarks #20: Predictions 2017

Title: Predictions 2017 Seismic Shifts
Published By: Thomson Reuters
Genre: Current Affairs
Published: 2017

BookMarks
After the surreal year that 2016 was, we enter 2017 a little apprehensive of what the future has in store for us. "Predictions 2017" is a compilation of some of the predictions made by the Thomosn Reuters for the coming 12 months.

The predictions are catehorised under three major heads -  geopolitics, economics and technology. And over all of these looms the shadow of one major unknown - Donald Trump. We do not know what Trump has in store for us. Yes, he has proved to be a maverick, he says things which are not politically correct and his actions defy conventional political wisdom and yet he won the elction. Many of predictions hinge on what this maverick force of nature will do and how much of his campaign "promises" he acts upon.  And more importantly how the rest of the world - Putin, May, Merkel, Abe et al react to him.

The prevailing geopolitical uncertainties add to the risks in economics. Declining crude prices have already shaken up the oil-dependent economies. This could lead to consolidations and alliances of a different kind. Advances in technology may also act as major disruptor. Trump's climate change denials might come to nought for the auto-makers, if Tesla's electric cars come up with a viable recharging infrastructure. The self-driven cars might have a role in changing the insurance industry as well. 

So what will 2017 hold for us. Trump, Putin, Syria, Self-driven cars, Climate change, improvements in gene therapy, consolidation in banking industry, major M&A activity? It covers a wide gamut of subjects. Yet the article which I liked best is the very last one. Every model needs imaginations, a la Harry Potter. Remember the dozen publishers who thought "Harry Potter and the Philosopher's Stone" was not publishing!  Well every one needs a little bit of magic.

Previously on BookMarks - Inferno

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