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2016 Predictions

World leaders and federal officials agreed on forecasts for the new year
By The News · 27 of January 2016 14:43:03
Russian artist Slonov shows his artwork depicting axe with symbols of world currencies on bank of the Yenisei River in Krasnoyarsk, Russian artist Vasily Slonov shows his artwork depicting an axe with symbols of world currencies which he called "Extraction money's axe", on a bank of the Yenisei River in Krasnoyarsk, Siberia, Russia, February 20, 2016. Slonov showed his artwork specially for the Krasnoyarsk Economic Forum, according to him. REUTERS/Ilya Naymushin TPX IMAGES OF THE DAY, No available

In the annual World Economic Forum meeting the volatility of financial markets, consumption, the price of energy and migration were discussed. World leaders, state and federal officials agreed on six predictions for this year:

1. The Chinese economy will recover, but not as drastically as some specialists believe. The great dragon of a country will continue with its structural reforms and will grow almost 7 percent. Nouriel Roubini, professor emeritus at the International Business School of New York University (NYU) says that the Asian giant “won’t land roughly, nor softly, but it surely won’t have a forced landing.”

2. We remember that Nicosia, the capital of Cyprus, continues to be the only capital in the world divided between Turks and Greeks. Nevertheless, a lot of optimism exists that in the next few months they will arrive at a historic agreement that will leave both parties satisfied and will ensure much needed
peace for the region.

3. The terrible refugee crisis in Europe will continue to get worse. In the last few weeks, 35,000 people crossed from Turkey to Greece. “It’s out of
our hands. We never thought this would happen. They’ve overtaken us and what we’re doing today isn’t enough,” are some of the phrases that could be heard during this discussion about the river of people in search of protection.

4. While the price of oil affects everyone, the impressive development of renewable energies were applauded. This implies that fossil fuel will soon be forgotten.

5. Goodbye to the low price of barrels of crude oil. The price will rise this year.

6. Bill Clinton, former president of the United States, said that humanity only focuses on the bad that happens everyday. He asked everyone to try and focus on all of the progress we’ve made. He only cited one example: it’s incredible that in the last 25 years we have cut the number of child deaths in half.
Dear reader, as you can see, we face great challenges, but this generation will also bear witness to progress.

Journalist, editor and radio broadcaster

@GustavoRenteria

www.GustavoRenteria.mx