Towers Watson publishes latest thematic outlook
Consultant Towers Watson has published its latest long term outlook for global economic growth in its Secular Outlook 2013.
The outlook is based on expectations from the consultant’s Global Investment Committee, and looks at how thematic investing compares to asset class based investing. It also encourages institutional investors to review their time horizons.
Robert Brown, chairman of the Global Investment Committee, said: “We believe institutions with long time horizons have little choice but to try to gauge how global growth rates will evolve over longer periods so they can continually adapt in an increasingly transformative world. Consequently those societies, economies and businesses able to manage and adjust to this transformation will be most likely to outperform those that do not; and we suggest the best way of realising this competitive advantage is to overlay quantitative estimates with rigorous thematic analysis.”
The latest outlook builds on previous work done to identify key trends affecting growth, including economic imbalances, adverse demography, degradation of natural capital, innovation and technology, business connections and government.
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