Irrational markets ignore global trouble spots
Geopolitical events can affect growth, investment and jobs, say economists
THE increase in geopolitical stress relating to Russia, Iran, Iraq and Israel and Gaza has hardly jolted markets.
Besides the obscenity of war, notably the deaths and maiming of children, women and civilian men and general destruction, these events cannot be regarded as neutral events for the global economy and markets.
"The tendency of the markets to ignore geopolitical risk is just bizarre," commented Martin Taylor, former chief executive of Barclays Bank and external member of the Bank of England's Financial Policy Committee.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Singapore top recipient of Q1 cross-border investments in Apac: Knight Frank
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Keppel Infrastructure Trust posts 29.1% lower Q1 distributable income
Bitcoin faces worst month since FTX crash with ETF demand cooling
AIA launches wealth centre targeting high-net-worth clients
Prudential’s Q1 new business profit down 2% at S$743 million