Published • loading... • Updated
Governments can’t take their resilience for granted
Governments must invest in planning and reform as shocks from climate, health and cyber threats grow more frequent, the report says.
- The global economy has shown surprising resilience despite multiple recent shocks, including Russia's war on Ukraine and the conflict involving Iran.
- Following the pandemic, successive crises emerged as Washington rejected rule-based liberal trade policies, creating significant geopolitical volatility that tested global stability.
- Despite predictions of severe setback, global output expanded by 3.1 percent this year and 3.4 percent expected in 2027, with some countries performing better than others.
- Lessons for policy suggest growth remains achievable through strategic adjustments, though fiscal capacity across the globe is stretched to its limit.
- Governments are warned that the system's resilience has finite limits and must invest in fiscal capacity before the next shock tests their ability to respond.
Insights by Ground AI
25 Articles
25 Articles
Waterloo Cedar Falls Courier+23 Reposted by 23 other sources
Governments can’t take their resilience for granted
Somewhat unexpectedly, the global economy has weathered the challenges of the past few years extraordinarily well. Following the pandemic, shock followed shock — Russia’s war on Ukraine, Washington’s rejection of rule-based liberal trade, then most recently the war with Iran.
·Waterloo, United States
Read Full ArticleCoverage Details
Total News Sources25
Leaning Left4Leaning Right0Center21Last UpdatedBias Distribution84% Center
Bias Distribution
- 84% of the sources are Center
84% Center
L 16%
C 84%
Factuality
To view factuality data please Upgrade to Premium
