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Mark Lennihan via Press Association Images

Denis O'Brien believes politicians are the economy's biggest problem

The 55-year-old was speaking ahead of the World Economic Forum this week.

THE WORLD ECONOMIC forum is on this week and Denis O’Brien will be among the billionaires attending.

Speaking ahead of the event in Davos, O’Brien says the biggest hurdle facing the global economy are politicians.

“They are more and more worried about their re-election than growing their economies”.

Commenting on the coming year, O’Brien believes that “stocks will rise, interest rates will remain low and they’d avoid investing in the virtual currency Bitcoin in 2014″.

The 55-year-old added:

I’m going to stick with global telecom stocks…I’m comfortable that the equity markets will continue to be better over time with increasing value and dividends
It’s reported by Bloomberg TV that:
Billionaires attending the World Economic Forum’s annual meeting this week expect to be richer when they return to the Alpine village next year.

Income inequality looks likely to be the key theme for this year’s meeting. Income gap has been identified as “the most probable menace to the global economy during the next decade”, according to a study released last week by the forum.

It said, “Wealth disparity… driven by globalisation and the recent financial crisis…threatens to breed poverty and social disorder.”

The chairman of Hamilton, the Bermuda-based Digicel Group Ltd, O’Brien has attended Davos for more than a decade and flew in last year on his Gulfstream 550 jet plane.

Source: Bloomberg TV

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31 Comments
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    Mute Ned Flanders
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    Sep 18th 2018, 9:48 PM

    Went today. Its great craic and well worth a trip out. The Garda have done a great job with traffic in the area too.

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    Mute Finbarr Lucey
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    Sep 18th 2018, 10:52 PM

    @Ned Flanders: of all the ploughing matches I went to over the years I have to say screggan tullamore is by far the best area to hold the event. So easy to get there and get back from. No delays , very well managed by the Gardai . And very Central for people to travel. Should be held there every year I think.

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    Mute Bilbo Baggins
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    Sep 18th 2018, 11:02 PM

    @Finbarr Lucey: couldn’t agree more. Especially after the disaster that was New Ross.

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    Mute Finbarr Lucey
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    Sep 18th 2018, 11:25 PM

    @Bilbo Baggins: and castlemartyr

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    Mute Siobhàn Malone
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    Sep 18th 2018, 9:58 PM

    Should it last for four days to allow for issues like these and accommodate the vast crowds that want to attend…? has the ploughing out-grown 3 days?

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    Mute LITTLEONE
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    Sep 18th 2018, 9:40 PM

    Going on Thursday so hopefully bit better weather.

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    Mute Dáithí O Raghailaigh
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    Sep 18th 2018, 9:41 PM

    that’s the headline for all the papers tomorrow ..

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    Mute Joe L
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    Sep 18th 2018, 10:43 PM

    97,500 there today. Will it ever get to the stage where there are too many people on site?

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    Mute Do the Bort man
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    Sep 19th 2018, 9:31 AM

    @Joe L: there 112,500 attended the first day last year, I was there on that day and yesterday, it’s very busy where the walkways intersect, but overall its ok

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    Mute Seeking Truth
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    Sep 19th 2018, 7:17 AM

    Extending the show to a 4th day is a great idea. The traffic is always terrible so maybe that would ease things up a bit…

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    Mute James O'Brien
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    Sep 18th 2018, 10:18 PM

    Who got knocked out by a fart wind then..

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    Mute Paul Furey
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    Sep 19th 2018, 10:11 AM

    @James O’Brien: Feeling a bit thick now are you? Check out also the mounting damage and the death. Fool.

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    Mute DeFonz
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    Sep 19th 2018, 8:22 AM

    Is plough judging so minutely calibrated that they had a concern that the wind might disrupt the pattern of soil on the top of the furrows to such a degree that the readings would be inaccurate?

    have no knowledge of this stuff, merely intrigued by rural matters…

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    Mute Paul Furey
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    Sep 19th 2018, 8:44 AM

    @DeFonz: try Google and learn a bit.

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