Five structural trends transforming the global economy

Slowing growth, escalating trade wars, tightening cross-border capital flows and intensifying migration pressures have dominated news headlines — and for good reason. Together, these forces threaten to undermine multilateralism and accelerate the rise of blocs like the BRICS+ group of major emerging economies, setting the stage for a profound reordering of the global economy. But five additional structural trends could prove equally, if not more, transformative. The first is demographic change.

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