What’s striking about this year’s predictions is that there are no gloom and doom scenarios on forecasters’ lists.
The World Economic Forum’s Global Risks Report, based on a survey of more than 700 experts around the world who were asked to rank risks according to their probability and impact was released on January 17.
* income disparity is the risk most likely to cause an impact on a global scale in the next decade
* Other highly probable, high impact risks include extreme weather events, unemployment, and fiscal crises
Blackstone Vice Chair Byron Wien predicts a 10 percent correction from market extremes but a total return of 20 percent by year’s end.
China has kept ahead of worries despite many predictions of a hard landing.
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