(Bloomberg) -- Saudi Arabia’s flagship investment conference began on Wednesday, with Bridgewater’s Ray Dalio predicting a rebound in inflation and warning that markets might not be as ebullient this year as they were in 2020.“We will see a rebound in growth and a rebound in inflation,” the fund manager said in the opening panel. “With that, you’re also going to see a pick up in deficits,” leading governments to sell more bonds.This year’s Future Investment Initiative, or FII, will host top global executives like Goldman Sachs Group Inc.’ David Solomon, Blackstone Group Inc.’s Steven Schwarzman and SoftBankCorp.’s Masayoshi Son.It’s Crown Prince Mohammed bin Salman’s signature event. Prince Mohammed himself is expected to speak at 4:45 pm local time in a “special conversation” with former Italian Premier Matteo Renzi.Credit Suisse CEO Says UK Will Recover from Brexit Challenge (4:34 p.m.)Credit Suisse Chief Executive Officer Thomas Gottstein said the UK would eventually recover from the challenges posed by its withdrawal from the European Union. “I’m convinced that also the UK will do just fine over time,” he said. “In the short term it (Brexit) is a challenge.”Saudi’s Public Investment Fund Chief Says Investing in Tech, Pharma (4:30 p.m.)Yasir Al-Rumayyan, who heads Saudi Arabia’s sovereign wealth fund, said the PIF was investing in a full spectrum of technology, early stage autonomous driving and pharmaceuticals but is concerned about the growing power of larger tech firms.“We are worried not only from the valuation standpoint about how some of these technology companies are having bigger powers,” he said, “and a lot of the regulators in the world are beginning to be more concerned.”Rumayyan also said he was increasingly cautious about the disconnect between “real economy and financial markets”BlackRock’s Fink Says Fundamentals Favorable in 2021 (4:26 p.m.)“The fundamentals going into 2021 and beyond are pretty favorable for long-term investors,” BlackRock Inc. Chief Executive Officer Larry Fink said. He also said $50 trillion needs to be put to work to get to net carbon zero.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.