The global economy has shown resilience despite heightened uncertainty, supply side shocks, and geopolitical risks, but downside risks remain significant. Andrew Bailey says that sustaining growth and financial stability will require innovation, openness, international cooperation, and strong global institutions
Read more
2025 has been marked by escalating geopolitical fragmentation. In the foreword to the Winter edition of World Commerce Review the editor asks if the European Union can arrest its economic drift and assert its latent potential, and this is one of the most pressing questions for the emerging global order
Read more
The level of uncertainty is exceptionally high. Christine Lagarde says maintaining stability in a new era will be hard, and will require an ability to react as necessary
Read more
Geopolitical risk and cyber-attacks are the most frequently cited risks among leaders of financial institutions operating in the UK. Carolyn Wilkins sets out how geopolitical threats present risks to financial stability
Read more
Trump could bring political contagion that harms the very functioning of the European Union. Heather Grabbe and Jean Pisani-Ferry argue that Trumpism could fatally undermine European integration if governments do not stand firm and defend the EU’s law-based system
Read more
Donald J Trump is returning to the White House. Stefan Wolff considers what this means for Ukraine, the Middle East, China and the rest of the world
Read more
The threats of geoeconomic fragmentation have accelerated in recent years. Alessandro D’Orazio, Fabrizio Ferriani and Andrea Gazzani introduce a novel firm-level revenue-weighted geopolitical risk index
Read more
Countries use their economic strength to achieve geopolitical goals. Christopher Clayton, Matteo Maggiori and Jesse Schreger present a novel framework to understand how a hegemon in the international system exerts its power within its economic network
Read more