Inequality and climate change will be at the forefront of developments in 2020, says Saxo Bank
Youth march along Pennsylvania Avenue to the U.S. Capitol Building as part of the Global Climate Strike protests on September 20, 2019 in Washington, DC.Top issues in 2020 will include inequality and climate change, Saxo Bank's chief economist said on Monday.
However, it will be difficult to have a consensus on where countries and nations want to go; "things are going to get worse before they get better," he said.The issue of inequality is driven by easy monetary policies, said Jakobsen. "The lower interest rates go, the more regulatory capital the banks need to put aside, and that increases the hurdle rate to actually access private credit in the system," he said.
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