Chart of the Day: This is how the $88 trillion global economy is spread around the world

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kate Whiting, Senior Writer, Formative Content Before COVID-19, the global economy stood at $88 trillion. But the pandemic has seen growth forecasts revised downwards and economies go into recession. In 2019, the United States had the biggest slice […]

Why the downturn is good news for subscription companies

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Amy Konary, Chair, Subscribed Institute & John Pineda, Partner and Director, BCG The current downturn will accelerate the existing shift towards subscription-based business models. Companies thinking of making this move today face a critical choice: invest in building […]

How banks can help companies restructure for growth

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Michael Spellacy, Senior Managing Director, Global Capital Markets Lead, Accenture & Alan McIntyre, Senior Managing Director, Global Banking Lead, Accenture & Derek Baraldi, Head of the Banking Industry, World Economic Forum The banking industry has to walk the […]

Turning crisis into opportunity: How to finance a sustainable recovery

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Briony Harris, Senior Writer, Formative Content The latest Great Reset virtual meeting looked at financing a sustainable recovery. Speakers looked at the work already done, the challenges that remain and the opportunities that exist to ‘build back better.’ […]

A top economist shares 3 ways leaders can help economies recover

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Briony Harris, Senior Writer, Formative Content OECD Secretary-General Angel Gurría discussed the organization’s latest economic outlook in a World Economic Forum Great Reset Dialogue. He warned against removing support too early and shortening supply chains. He also highlighted […]

This is how to achieve a clean economic recovery that combats organized crime

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Nadja Long, Senior Specialist, European Financial and Economic Crime Centre, Europol & Nick Maxwell, Head of the Future of Financial Intelligence Sharing, (FFIS) research programme & Che Sidanius, Global Head of Financial Crime and Industry Affairs, Refinitiv & […]

Why 2020 will see the birth of the ‘trust economy’

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Bianca Ghose, Chief Storyteller, Wipro The effect of the pandemic on our working lives underscores the growing importance of trust. Successful remote working demands a greater level of trust, both in and between employees and employers. In the […]

Here’s how a revamped wealth tax could fuel the COVID recovery

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ibrahim Khan, Co-founder, IFG.VC and Islamicfinanceguru.com With COVID-19 support schemes increasing governments’ debt burdens, countries are in search of tax receipts. Wealth taxes mean the rich are taxed on the assets they own rather than their earnings. A […]

The World Bank’s 2020 country classifications explained

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sean Fleming, Senior Writer, Formative Content Seven countries have moved into a higher income bracket in the World Bank’s latest country classifications. Three have fallen. This year’s groupings could change radically once the effects of the pandemic are […]

New poll shows what people think coronavirus will do to their economies

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Andrea Willige, Senior Writer, Formative Content A YouGov survey uncovers wide variation in people’s economic circumstances and outlook ahead of the looming recession. The global recession is the biggest concern for people in all economies surveyed. Mexicans are […]

How COVID-19 can be the Great Reset toward global sustainability

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jeroo Billimoria, Founder, Child and Youth Finance International & Matthew Bishop, Boardmember and Founder, Social Progress Imperative, USA World leaders should embrace social entrepreneurs as partners in this crisis. Social entrepreneurs work collaboratively with many people worst served […]

The great reset must place social justice at its centre

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Mark Doumba, Managing Director, Enovate Capital Wealth needs to be more broadly redistributed. Governments will need to intervene more to ensure better and fairer outcomes from private sector investments. New institutions need to incorporate profound reforms to ensure […]

The Great Reset requires FinTechs – and FinTechs require a common approach to cybersecurity

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Seán Doyle, Project Lead, Industry Solutions, Centre for Cybersecurity, World Economic Forum Financial Technology (FinTech) providers are key to the structural enhancement of financial services during the Great Reset. Cybersecurity is critical to ensuring consumers and businesses can […]

This is what chief economists think about the global economy right now

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: David Elliott, Senior Writer, Formative Content The World Economic Forum’s latest Chief Economists Outlook asks 40 chief economists for their views on the post-pandemic recovery. It identifies three key emerging challenges facing governments and business leaders. The crisis […]

Corruption is rife in the COVID-19 era. Here’s how to fight back

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Tim Hanstad, CEO of the Chandler Foundation and Co-Founder, Landesa The pandemic has created conditions in which corruption can flourish. This can exacerbate and prolong the negative effects of this crisis. Here are three ways to start tackling […]

To build a resilient world, we must go circular. Here’s how to do it

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Naoko Ishii, Chief Executive Officer and Chairperson, Global Environment Facility & Frans van Houten, Chief Executive Officer, Royal Philips The best way to build resilience against future pandemics and the impact of climate change is to move to […]

This is how we can make a global green recovery – that also boosts the economy

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Charlotte Edmond, Senior Writer, Formative Content Targeted policies and investment in renewables and energy efficiency could boost the global economy by 1.1%, according to a report from the IEA. Its Sustainable Recovery Plan would also save 9 million […]

3 challenges facing global gig economy growth after COVID-19

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Yan Xiao, Project Lead, Digital Trade, World Economic Forum & Janette Chung, Product Director, Jobox.ai COVID-19 is accelerating the growth of the cross-border offline-to-online (O2O) gig economy. Cross-border payments need to catch up for the cross-border gig economy […]

Financial markets appear to have rallied. Here’s one way to mitigate further shocks due to COVID-19

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ben Weisman, Project Lead, Financial Innovation, World Economic Forum & Matthew Blake, Head of Shaping the Future of Financial and Monetary Systems, World Economic Forum While fiscal, monetary, and regulatory policy-makers have moved quickly since March to preserve […]

Business leaders must now turn positive ESG talk into long-term results

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Claire Skinner, Regional Managing Partner, Heidrick & Struggles ESG funds are outperforming the broader market during the COVID-19 crisis. Leaders will face a challenge in convincing boards to translate positive sentiment into action, however. Communication and stakeholder management […]

The Great Reset needs great leaders to help the most vulnerable

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Mahmoud Jabari, Community Specialist, Africa and the Middle East, World Economic Forum Ideals of a “global society” and a “great reset” will be tested over the coming months. The post-pandemic era will see economic disruption, with many countries […]

How the world can ‘reset’ itself after COVID-19 – according to these experts

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kate Whiting, Senior Writer, Formative Content The Great Reset is a new initiative from the World Economic Forum and HRH the Prince of Wales to guide decision-makers on the path to a more resilient, sustainable world beyond coronavirus. […]

‘Water-forecasting’ and fish farms fed on waste: how innovation is driving the blue economy

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Peter Beech, World Economic Forum writer Using waste food to farm insects as fish food; and high-tech real-time water quality monitoring: innovations that could help change global aquaculture, were showcased at the World Economic Forum’s Virtual Ocean Dialogues […]

How impact finance can alleviate COVID-19’s economic symptoms

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Formative Content The private sector is facing unprecedented difficulties in accessing finance at at a time when it is sorely needed. Gig workers and those on low incomes in emerging economies are among those […]

Here’s why the world’s recovery from COVID-19 could be doughnut shaped

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Emma Charlton, Senior Writer, Formative Content Doughnut plan seeks to balance the needs of people and the environment. Amsterdam aims to offer everyone fair social terms within safe ecological limits. The idea was conceived by Kate Raworth, an […]

5 things to know about how coronavirus has hit global energy

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Formative Content Coronavirus lockdowns have led to the biggest fall in energy demand in 70 years. Renewables have increased their contribution to the energy mix as fossil fuel demand has seen a widespread fall. […]

Ursula von der Leyen: ‘We must not hold onto yesterday’s economy as we rebuild’

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kate Whiting, Senior Writer, Formative Content European Commission President Ursula von der Leyen has outlined a recovery package to help EU Member States rebuild after the coronavirus crisis. She said investment in rebuilding would come at the price […]

Is staying in the new going out? How the COVID-19 pandemic is fuelling the stay-at-home economy

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Zara Ingilizian, Head of Shaping the Future of Consumption; Member of the Executive Committee, World Economic Forum The COVID-19 pandemic is fuelling the growth of the stay-at-home economy. E-commerce and grocery delivery services can test new concepts to […]

COVID-19: How leaders can create a new and better normal

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Punit Renjen, Global Chief Executive Officer, Deloitte The shift from respond to recover requires us to move from an internal, functional view to a view focused on stakeholders and outcomes. Defining the destination first and working backwards will […]

5 priorities for leaders in the new reality of COVID-19

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Rich Lesser, Global Chief Executive Officer, BCG & Martin Reeves, Senior Partner, Boston Consulting Group COVID-19 means leaders need to find a path from a shuttered economy towards growth and prosperity. Organizations will need to be reconceived to […]

Universal basic income is the answer to the inequalities exposed by COVID-19

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kanni Wignaraja, Assistant Secretary-General, United Nations & Balazs Horvath, Chief Economist, UNDP, Asia-Pacific Rule number one of crisis management: When you find yourself in a hole, first, stop digging. In the COVID-19 outbreak frenzy, several countries are considering […]

Africans can fight COVID-19 with stakeholder capitalism

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Myriam Sidibe, Senior Fellow, Mossavar-Rahmani Center for Business and Government, Harvard Kennedy School & Carl Manlan, Chief Operating Officer, Ecobank Foundation Stakeholder capitalism will help companies rebuild their businesses faster after COVID-19. Africa can learn from other countries […]

Do we need a new Marshall Plan to rebuild Europe after COVID-19?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sean Fleming, Senior Writer, Formative Content The COVID-19 crisis could see Eurozone GDP shrink by 7%. EU institutions and member states have put up $3 trillion to fight the crisis. Can a plan similar to one used 70 […]