Quarterly

U.S.-China tensions, a push by the Global South to build a parallel world order, new governments implementing controversial reforms and elections triggering social unrest will shape the fourth quarter.

During the quarter, elections in territories covering a joint population of more than 2 billion will determine the political and economic direction of some of the world’s largest economies.

The war in Ukraine, energy and food inflation and the persistence of the COVID-19 pandemic will create political, economic, security and social risk around the world during the second quarter.