Date: From May 7th to 9th, 2024.
Venue: Abu Dhabi, United Arab Emirates.
Once again, the business world converges for the AIM Congress 2024, the premier global investment platform, from May 7th to 9th, 2024, in Abu Dhabi, United Arab Emirates. Under the theme “Adapting to a Changing Investment Landscape: Harnessing New Potential for the Global Economy,” this flagship event focuses on the challenges and opportunities shaping the global economy.
AIM Congress: Adapting to a Changing Investment Landscape
The current state of the global economy is experiencing a significant slowdown in growth, primarily attributed to reduced investments, disruptions caused by geopolitical tensions, high inflation rates, and elevated interest rates that have increased borrowing costs. Emerging and low-income economies are particularly vulnerable to the impact of rising interest rates, leading to decreased priority investments and increased debt costs. This situation has raised concerns about an imminent global economic recession, especially considering current geopolitical tensions. Experiencing two consecutive recessions within a decade is not a normal phenomenon. Furthermore, growth forecasts for 2023-2024 remain weak, with little likelihood of improvement before the end of 2024. While the global economy is expected to grow by 1.7% this year and 2.7% in 2024, gross investment in emerging markets and developing economies is projected to increase by only 3.5% during the period 2022-2024. This rate is less than half of what was observed in the previous two decades.
Addressing Geopolitical Tensions
Despite persistent threats, the global economy shows some signs of resilience, partly due to low energy prices. Trade and investment policies are shifting away from multilateral cooperation towards regional and bilateral solutions. This is one of the strategies recently adopted by global economic players to stimulate and activate global investment. Additionally, innovation financing programs worldwide are transitioning from a volume-focused approach to a value-focused one. Therefore, all new economic strategies strive to strengthen new ideas, such as the overall shift in national economic policymaking through new industrial policies, including protectionism in many countries.
Focus on Geopolitical Tensions
Businesses view geopolitical tensions as one of the greatest threats to global economic development. Some economists believe that these geopolitical tensions could trigger significant deglobalization of trade and the financial system in the long term. Deglobalization is considered the third-largest global economic risk for all businesses. The AIM Congress 2024 will thus focus on addressing these geopolitical tensions, which risk reducing foreign sources of essential supplies.
This leading gathering will pay particular attention to developing resilience strategies for international actors to support economic growth in unstable environments, as this can also impact global investment flows.
Embracing the Fourth Industrial Revolution
The global services sector has made significant strides this year, which bodes well for its prospects in 2024. However, the manufacturing industry has not experienced the same success, with a significant investment deficit in this sector. Countries are adopting new strategies to prevent an economic slowdown, including accessing emerging markets with new products capable of responding to evolving market dynamics.
At the same time, the new technological revolution will introduce profound changes to the global economic scene. Unlike the three previous industrial revolutions, this revolution has the potential to be the first where labour optimization will be managed with humanity in mind, in addition to profitability and productivity. Therefore, the AIM Congress 2024 will focus on the Fourth Industrial Revolution, both as a theme and as an investment orientation.
The AIM Congress 2024 serves as a critical platform for addressing the challenges and seizing the opportunities presented by the evolving global investment landscape. With a focus on geopolitical tensions, innovation, and the Fourth Industrial Revolution, this event promises to provide valuable insights and strategies for navigating the complexities of the global economy. As stakeholders from across the world come together in Abu Dhabi, the AIM Congress 2024 is poised to drive discussions and initiatives that will shape the future of global investment and economic development.
Please register here if you want to be part of this exceptional event!