Thursday August 13, 2020

Comment: My advice? Prepare for more upheaval to shake the global economy

Markets are not very good at pricing geopolitical or environmental risk, but given the developments of the last few months, we should not be surprised if one or more white swans emerge before the year is out

29th July, 2020
A quiet Henry Street in Dublin: economies around the world have been decimated by Covid-19, but other ‘white swans’ could cause further difficulties this year

In February, I warned that any number of foreseeable crises, so-called “white swans”, could trigger a significant global disturbance this year.

I noted that: “the US and Iran have already had a military confrontation that will likely soon escalate; China is in the grip of a viral outbreak that could become a global pandemic; cyberwarfare is ongoing; major holders of US Treasuries are pursuing diversification strategies; the Democratic presidential primary is exposing rifts...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

A recent report found that women-led companies outperform the market, so apart from making ethical and social sense, investing in them makes financial sense too

Lilyana Pavlova | 2 days ago

The Covid-19 breakouts show that the juggling act between public health and the health of the economy is reaching crisis point – it will boil over when schools reopen unless we get things under control now

Susan O'Keeffe | 2 days ago

As every other player in society swiftly rose to the challenge of beating Covid-19, those leading the schools system dithered dangerously – and are still dithering

Tony O'Brien | 4 days ago