GEOPOLITICS is set to play an outsized role in 2024.
Geopolitical tensions are ratcheting up again with renewed force, following Russia’s invasion of Ukraine in February last year, Hamas’ attack on Israel this year and the new uneasy equilibrium between China and the US. Such tensions are already affecting trade and financial flows, as well as asset prices.
Looking ahead, the growing fault lines between two major blocs – the Global South versus the West – will have major implications for the macro and investment outlook of both developed and emerging economies.
Greater uncertainties from both the geopolitical and policy angles will likely accelerate the pace of supply-chain diversification,...
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