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Cocktail of crises to scar the global economic outlook

Location:

INTERNATIONAL

A global recession now looks as likely as not after the IMF warned that the “worst is yet to come” for the world economy

Rising Argentina poverty brings long-term challenges

Location:

ARGENTINA

Urban poverty rose from 40.1% in the first half of 2023 to 41.7% in the second, with indigence up from 9.3% to 11.9%

Geoeconomic fragmentation will reduce long-term growth

Location:

INT

Several studies estimate the global cost of geoeconomic confrontation, which is newly in the top three WEF global risks

Long-term refugee problems may mould the Middle East

Location:

MIDDLE EAST

Refugees and IDPs who do not return home within six months have a high probability of protracted displacement

Nutrition issues carry long-term cost in Latin America

Location:

LATIN AMERICA

Obesity and malnutrition are rising in the region, as slowing growth sees a rise in poverty

Long-term shifts to weaken traditional EU left

Location:

EU

Traditional left-wing parties are struggling for electoral success, despite the economic crisis

Cheap oil risks long-term Middle East stability

Location:

MENA

The oil price slump is straining finances across most of the region, raising the potential for instability down the line

Saudi instability risk will rise if reforms fail

Location:

SAUDI ARABIA

The kingdom's eroding public finances raise questions over its long-term resilience

Cheap oil will weigh long-term on top exporters

Location:

INT

OPEC members have so far failed to agree output cuts to boost prices

Ambitious plans set China's course to 2049

Location:

CHINA

Long-term goals shape thinking of current policymakers in and outside China despite vulnerability to 'black swans'