Threats to the world economy

22 June 2018

Carlos E. Piñerúa, World Bank country manager for Poland and the Baltic States can see a possible end to the current economic global expansion and points to possible triggers such a geopolitical instability and a rise in interest rates in the US.

“How large will that impact be?” he asked during the 4th Invested Interest Investment Market Conference organized by Eurobuild CEE in Warsaw. “It’s unclear to me. We need to look at it country by country but certainly even countries like Poland where you see very strong fundamentals: low debt, high foreign exchange reserves, will not escape this impact because you have big trade partners who will suffer from this.”

For the longer term he talked of two further trends that threaten economic stability “One is demographics,” he claims. “Poland like many many other countries in the world is facing a decline in labour force. You ar getting older. The proportion of older people will increase significantly over the coming years and that is true for about 75 pct of the countries in the world. So where are the workers going to come from? Besides that, who’s going to pay for your pensions?” Carlos E. Piñerúa asked.

One more trend he sees as challenging is increasing automation. “A lot of jobs will be lost,” he claims. “What’s going to happen to those people? In a sense there are balancing factors, but not completely. Even if you were able to replace those people that are not on the market with robots. Are you going to tax robots to pay for your pensions?” he asked.

author: Eurobuild CEE

The 15th CEE Warehouse & Logistics Conference

The 15th CEE Warehouse & Logistics Conference

25 June 2019,Hotel Indigo Warsaw Nowy Świat,Warszawa
The 14th Annual Eurobuild CEE Tennis Tournament

The 14th Annual Eurobuild CEE Tennis Tournament

28 June 2019,Warszawianka Tennis Club,Warsaw
The 18th Eurobuild CEE  Golf Tournament

The 18th Eurobuild CEE Golf Tournament

28.06.2019,First Warsaw Golf&Country Club,Rajszew
Eurobuild Awards for Architecture

Eurobuild Awards for Architecture

18 september 2019,PIN-UP STUDIO,Warsaw, Nowogrodzka 84/86
4. Turniej Tenisa Stołowego

4. Turniej Tenisa Stołowego

28 września 2019,Siennicka Sports Hall OSiR Praga Południe, ul. Siennicka 40,Warsaw
The 25th Annual Property Market Convention

The 25th Annual Property Market Convention

26 November 2019,Hotel Bristol a luxury collection hotel,Krakowskie Przedmieście 42/44, Warsaw

Registration

1 ticket
1 ticket. The price covers workshops participation, coffee breaks, lunch, conference materials, access to on-line meeting system.
200
EUR
net
2 tickets
2 tickets. The price covers workshops participation, coffee breaks, lunch, conference materials, access to on-line meeting system.
340
EUR
net
3 tickets
3 tickets. The price covers workshops participation, coffee breaks, lunch, conference materials, access to on-line meeting system.
420
EUR
net
Download order form in .PDF
The 5th Invested Interest - Investment Market Conference
Warsaw
Westin Hotel
Aleja Jana Pawła II 21, 00-854 Warsaw