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Ceturtdiena 20.09.2018 | Name days: Marianna, Ginters, Guntra

Davos forum: Global leaders make 2013 predictions

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Annual World Economic Forum has just rounded up in Davos, Switzerland, with global leaders issuing their predictions for this year.

The philanthropist and billionaire investor George Soros, who once forecast that Germany’s Angela Merkel would stand behind the euro, thinks the world is about to enter a period of “evil.”

Soros is predicting “riots on the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties. The global economic system could even collapse altogether.”

He explains such a point of view with rising disparities in income levels.

Meanwhile, economist and New York University Professor Nouriel Roubini, who is famous for his accurate predictions on the collapse of the U.S. housing market and the global recession, struck a more optimistic tone.

He said at Davos, that as far as the euro zone crisis was concerned the situation was “less worse than it was last summer” but “the politics of Europe could worsen.”

Also European Central Bank President Mario Draghi sounded optimistic, stressing that the worst of the eurozone crisis was probably over. He said he anticipated a period of economic recovery for Europe.

Now is a time for “implementation” of measures undertaken by the ECB and others. All in all, the background is more favorable than it was at the same time last year,” he said.

In the technology sector, Yahoo CEO Marissa Mayer said that the Internet would get more up close and personal in the years ahead, reports USA Today.

She said that the “interest graph” would overtake the “social graph.”

“I just found out that I did the same major as (LinkedIn founder) Reid Hoffman,” she illustrates her point.

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