The Bid 207: A Macro and Geopolitical Outlook – Live from Davos
Jan 24, 2025
Philipp Hildebrand, Vice Chairman of BlackRock, and Tom Donilon, Chairman of the BlackRock Investment Institute, join in a riveting discussion from Davos. They delve into the macroeconomic outlook for 2025, highlighting the impact of the new U.S. administration on global markets amidst inflation and geopolitical tensions like the U.S.-China rivalry. The guests also emphasize the transformative role of AI in finance and the importance of navigating investment strategies in a volatile landscape, all while keeping an eye on pivotal European elections.
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Davos Origins
- The World Economic Forum in Davos started as the European Management Symposium.
- It initially focused on bringing American management theories to Europe, with meetings often held on the ski slopes.
Key Davos Themes
- Three big themes at Davos include the new U.S. administration's impact, Europe's response, and AI's implications.
- These themes cover global economic structure, inflation, geopolitical context, research advancements, and capital market impacts.
Structural Economic Shift
- The global economy is undergoing a structural transformation, moving beyond cyclical fluctuations.
- Factors like aging demographics, technological revolution, geopolitics, and energy transformation contribute to this shift.