The paper describes long-term global systemic risks that affect the environment, the economy and society. The review also provides practical advice for investors for converting systemic risks into development models. There are six main global systemic risks: climate change, water security, geopolitics, technological evolution, demographic shifts, low and negative real long-term interest rates.
In 2011 Eric Schmidt — one of the most renowned figures in the IT industry and at the time Executive Chairman of Google — spoke at the session «The World According to Google» at the St. Petersburg International Economic Forum. What he said turned out to be remarkably prophetic, particularly when viewed from the context of the current COVID-19 pandemic and our experience of self-isolation.
The global market for track and trace, which entails the tagging and monitoring of goods, is expected to see rapid growth over the next 8–10 years. This tool makes the market for goods transparent, creating a digital platform for businesses and consumers and helping to build a trust economy.
The Organisation for Economic Cooperation and Development has prepared analytical research on business support mechanisms to avoid insolvency during the COVID-19 crisis. The slowdown of economic activity caused by the COVID-19 outbreak and related emergency measures implemented to tackle the health crisis have led to severe difficulties for companies to meet their financial obligations. Many of the fixed costs, such as rents and interest payments, remain due while the cash flow destined to meet these obligations has vanished. As a result, many otherwise sound companies are facing acute liquidity constraints that eventually might become solvency problems.
The Roscongress Foundation prepared an analytical report on the results of the St. Petersburg International Economic Forum held in June 2022.
