Global economic upheaval: a survival guide
The focus must shift to building even greater resilience, agility, and optionality in the near term (File/AFP)
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For decades, companies, investors, and policymakers operated on the comforting assumption that the global economy was underpinned by a relatively stable equilibrium. Macroeconomic and financial shocks were treated primarily as cyclical disruptions that could be managed to put things back on track toward a predictable destination — that of per capita national economic growth within a continuously globalizing economic and financial order. But this paradigm is now being challenged by geopolitical tensions, the weaponization of economic relations, the rapid advance of new technologies, and other factors.
