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Global risks loom large in 2024, according to a new forecast.
👉The Economist Intelligence Unit's latest report, "Risk Outlook 2024" analyzes 10 critical risk scenarios that could significantly impact the global economy next year.
👉Drawing on in-depth research covering nearly 200 countries, the report models the worldwide political, economic, environmental, and technological threats facing businesses.
>>>>Some key findings:
Prolonged monetary policy tightening by central banks risks triggering a global recession if interest rates remain elevated deep into 2024.Subsidy races to develop green technologies between the West and China could spark a trade war, increasing the costs of decarbonization.More frequent extreme weather caused by climate change may disrupt supply chains, exacerbating inflation and food/resource insecurity.Widening strikes for higher wages due to persistent inflation could paralyze significant industries like automotive and ports.Geopolitical risks include potential conflicts escalating between China/Taiwan and Israel/Palestine that draw in global powers.Changes in US foreign policy posture under a new administration may strain alliances and benefit strategic rivals.
✅The report offers valuable risk scenario analysis and data to help organizations strengthen resilience and mitigate threats to operations across diverse regions. Readers are encouraged to review this forecast of critical global risks poised to impact the business environment 2024.
Source: EIU