World leaders gathered at the Davos World Economic Forum in January and told us what we already know – that the global economy is still highly volatile. Geopolitical conflicts, disruption to Red Sea trade routes, high-profile elections, energy price hikes and the ongoing climate crisis were just a few of the factors cited by policymakers and thought leaders as contributing to the current sense of unpredictability and fragility. Author: Alessandro Hatami Christine Lagarde, president of the European Central Bank, summed up the sentiment in Davos when she said that the post-pandemic period has been “strange, extraordinary and difficult to analyse”. While the consensus at the Forum was that consumption, trade and inflation began to stabilise in 2023, Lagarde warned delegates:”It is not normality that we are heading to” in 2024. For the financial services sector, all of the above developments have an inevitable and immediate impact on their businesses. The Red Sea crisis alone, for example, could drive goods inflation up by 2% – forcing banks to delay interest rate cuts. The re-election of Donald Trump as US president would also probably redefine the US’s relationship with Europe and the rest of the world. But such seismic shifts only […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
