The global economy will face a lot of uncertainty in 2017, which may take it into the “black swan territory”, according to Martin Sorrell, Chief Executive Officer of advertising major WPP Plc.
Between Donald Trump's presidency, the Brexit referendum, and China, things are tightening globally, Sorrell told BloombergQuint's Menaka Doshi on the sidelines of the 47th World Economic Forum in Davos, Switzerland.
Sorrell added that while Trump will be a short-term positive for the U.S., internationally he will be an "engima".
He praised India, calling it the only "bright spot" in the world economy. Sorrell said what Prime Minister Modi is trying to achieve in India through the demonetisation exercise is similar to the Argentine President Mauricio Macri's removal of currency controls in his country.
Also Read: Trump Protectionism, Risk Of Trade War Big Worries Of 2017: Economists At Davos
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