Bloomberg New Economy Gateway Europe Day 1 Highlights

The transcript discusses the UK's economic growth despite challenges, emphasizing the importance of trust in banking. It highlights Brexit's negative impact on the UK economy and potential positive effects on the EU, while noting the need for improvements in the EU's internal market. The conversation shifts to technology, particularly AI, and its potential to create a better society, stressing the importance of a social contract with society to embrace technological advancements.

What is a key factor that banks rely on to function effectively?

• High interest rates

• Trust and confidence

• Government subsidies

• Technological advancements

What is the expected impact of Brexit on the UK economy in the short to medium term?

• Significant growth

• Net negative

• Net positive

• No impact

What does the EU need to improve to take full advantage of recent changes?

• Tourism sector

• Banking and capital markets union

• Agricultural policies

• Military alliances

What is necessary for society to embrace and trust technology?

• A social contract

• Increased regulation

• Higher investment

• Faster internet

What is generative AI considered to be in the context of technological advancement?

• The first step on a long journey

• An obsolete technology

• A temporary trend

• The final goal