Illustration: Carolina Moscoso
The Big Take
A Pessimist’s Guide to Global Economic Risks in 2024
As global leaders gather in Davos, a guide to year-ahead risks — from Houthis to hyperinflation — that should be keeping them awake at night.
It’s the year of the soft landing—and of interest-rate cuts that will support growth and markets around the world. So runs the upbeat conventional wisdom about the global economy in 2024.
What could possibly go wrong? After years marked by war, pandemic and bank collapse, it hardly needs saying: a lot. That includes—but is not limited to—the following.