The 2020s have seen “wildcards” arrive at a rapid rate: COVID, the Russia-Ukraine war, AI, and trade wars. And we’re only halfway through the decade! In this new Must C report, Citi Research considers more potential wildcards. While not our base cases, all of these scenarios could reshape our world in the near future.
Global resilience remains the key theme of a new Citi Research report assessing the outlook for the global economy, with “Goldilocks” still an apt description. While new shocks and challenges are likely, our key takeaway — now held with even greater conviction — is that the global economy has shown a remarkable capacity to adjust.
A global environment marked by near-trend growth, subdued inflation, and central-bank easing is aptly described as “Goldilocks” and appears sustainable, but what underlying factors have supported this resilience? A new Citi Research report sees technological advances — especially in communications and access to information — as a big part of the answer.
