“The debate is no longer simply about slower growth and sticky inflation, but about a world in which policy, security, industrial strategy and capital markets are becoming increasingly intertwined.”
- The latest IMF projections highlight that resilience to economic and geopolitical shocks has become a key variable for economic growth.
- We think supply chains, energy independence, defence capabilities, infrastructure and access to critical raw materials will drive growth, inflation and asset allocation.
- A consequence of these relationships is that policymaking will become difficult.
The IMF’s latest forecasts highlight that the global economy is still growing, but it has become more fragile. Before the recent conflict, economic growth was improving, whereas higher energy prices and greater uncertainty are now slowing that growth momentum.
You can now read the full whitepaper at the link below
