Global | Economic outlook and selected issues

Summary

This presentation analyzes forecasts and recent developments related to the global economy, as well as other issues such as geopolitics, the US dollar and the new global financial architecture, defense in Europe, and GenAI, employment, and productivity.

Key points

• Key points:
• Geopolitics matters: what is at stake is how the new world order will be reshaped.
• The current global financial architecture is underpinned by a highly developed global liquidity ecosystem centered on the US dollar.
• The breakdown of defense spending confirms marked heterogeneity in the cumulative multiplier profile, with capital-intensive spending generating substantial short-term multipliers.
• The adoption of AI is accelerating but remains uneven, led by advanced economies and large, digitally mature companies.
• Other issues such as rising temperatures and climate-related events highlight the urgency of decarbonization.

Geographies

Topics

Tags