Global growth is expected to decrease from 5.7 percent in 2021 to 2.9 percent in 2022. Citing the effects of the COVID-19 pandemic and the Russian invasion of Ukraine, this is one of the main findings of the World Bank’s latest Global Economic Prospects report.
This is the prediction at a global level, and on a local level, the impact of rising prices is plain to see. For example, the British Retail Consortium estimates that the price of basic goods in UK stores is rising at the fastest pace in almost 14 years.
Against this worrying background is the ever-present challenge of environmental change, readily experienced by many of us through the extreme heatwaves in several parts of the world.
When you consider these global, national, and local challenges we are facing, it can be overwhelming. However, I am a firm believer that through effective leadership, collaboration, the use of technology, and the bringing together of academia, business, and public policy, innovative solutions can be found.
It is an approach that is at the heart of what we do as a business school here at Exeter. Our mission is focused on both developing academic insights and informing everyday practice amongst individuals, organisations, and policy makers.