GROWTH, GROWTH, WHERE’S THE GROWTH? It’s that time of the year again: The time when pundits and analysts assess the present and forecast the future. Here are a few predictions from The World in 2017, which is published by The Economist:
• Forecasts suggest the United States will not be among the fastest growing economies in the world during 2017. The top ten countries for economic growth are expected to be: 1) Yemen, 2) Myanmar, 3) Côte d’Ivoire, 4) Mongolia, 5) Laos, 6) Ghana, 6) India, 8) Cambodia, 9) Bhutan, and 10) Djibouti.
• One country’s cinema box office gross may surpass that of the United States. Fifteen cinema screens are being added every day in China. During 2017, the box office revenue in the country is estimated to be $10.3 billion, higher than that of the United States.
• Automobile companies are revving their engines. Did you know there are just 21 cars per 1,000 people in India? In China, the ratio is about 120 per 1,000. That means there is a lot of room for growth – or alternative forms of transportation.
• Artificial intelligence (AI) may create new ethical dilemmas. “Look at ‘medtech.’ Fans claim AI will remake health care, using algorithms to do the grunt work of diagnostics. Yet, could a virtual doctor explain its thinking so patients can make informed decisions?”
• The sharing economy grows to encompass jets and yachts. Apparently, a bunch of Asian millionaires are interested in private aircraft. Some in the tourism industry are hoping they’ll be willing to share.
We hope 2017 will be filled with pleasing discoveries, stimulating events, and thrilling innovation.
Weekly Focus – Think About It
“Happiness is having a large, loving, caring, close-knit family in another city.”
–George Burns, American comedian
The Economist, “World in 2017”, https://s3-us-west-2.amazonaws.com/peakcontent/+Peak+Commentary/12-05-16_TheEconomist-The_World_in_2017-Footnote_5.pdf