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Fasten your seat belts: High policy turbulence ahead
Trade, geopolitics and climate policies are entering a period of great uncertainty as the world heads into volatile ‘weather’ generated by high-stakes election outcomes, hot wars and China risks.
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Republican Donald Trump had a good record of doing what he said he would do, so it is prudent to take him at his word, the writer said.
PHOTO: REUTERS
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By the end of this year, Donald Trump might be elected president of the United States. Political setbacks to incumbents in most of the European Union (EU) have shifted the balance of power towards far-right parties. China is struggling to come up with a coherent response to its problems of deflation and slowing economic growth. In the Ukraine war, the advantage has shifted towards Russia, while the war in Gaza rages on and might widen.
These developments could lead to profound policy uncertainties in areas including inflation, immigration, geopolitics, trade and climate change.
