2015 was yet another difficult year for the global economy, as the world continues to adapt to a new normal of lower economic growth, lower productivity growth, and higher unemployment – as highlighted by this year’s World Economic Forum Global Competitiveness report.
It was also a landmark year in terms of rising inequality, with half of the world’s wealth now owned by the top 1%, and another report showing that inequality is on the rise in some developed economies.
Add to this the ongoing debate over the Chinese economic slowdown, interest rates and the US jobs market, and a picture of uncertainty emerges. These quotes, drawn from World Economic Forum meetings, provide food for thought as we head towards a challenging economic year in 2016.
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Author: Joe Myers is a Digital Content Producer at Formative Content.
Image: A man walks past buildings at the central business district of Singapore February 14, 2007. REUTERS/Nicky Loh