Global briefing: Growth acceleration?/ Chinese freefall/ Rumours of war/ Populism/ AUKUS
Insights on five global developments that matter this week
In this week's global briefing:
1. Growth acceleration?: The IMF marked up world growth for 2024 and 2025 on resilient economic data this week; and growth could accelerate faster this year.
2. Chinese freefall: Chinese & Hong Kong equities continue to fall, trading below 2007 levels, reflecting structural challenges. A 2015-style response will be difficult.
3. Wars & rumours of war: A shifting geopolitical context is causing heightened risk and stress around the world, from the Middle East to East Asia.
4. European populism: Far right parties are gaining in the polls across Europe, creating pressure for changed policies from migration to climate and fiscal policy.
5. Small states, geopolitics, & AUKUS: Small states are repositioning in response to rising geopolitical pressure, from the Nordics to NZ. This will have consequences.
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