As the World Bank and IMF discuss resilience, two different futures are emerging from the clash between a fragile AI-driven boom and escalating geopolitical conflict
THE World Bank and International Monetary Fund (IMF) are hosting their Annual Meetings this week in Washington, DC, against a backdrop of international uncertainty. While official policy messaging often emphasises the resilience of the global economy, a tipping point could be on the horizon, not least given growing geopolitical headwinds.
World affairs have never been completely predictable. However, recent years have seen more “black swans”, which, as defined by Nassim Taleb, are developments beyond the realm of normal expectations that have a large magnitude and consequence, and play a vastly larger role than regular occurrences.
This volatile, uncertain, complex and ambiguous landscape is full of potential business opportunities and risks, but is challenging for enterprises and other stakeholders in the Asia-Pacific and beyond to navigate.
