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David HILL
Chief Executive Officer, Deloitte



With more than 40% of the world’s population eligible tovote in an election this year, the buzzword is likely to be politics or moreparticularly, geopolitics. The global economy has been, and is likely toremain, relatively resilient. The main risks to the global economy comenot from economic policy or structural factors in the global economy.Rather, from geopolitical trends and tensions.

Four key geopolitical risks could change the trajectory of the globaleconomy. First, there is the Middle East, where the conflict betweenIsrael and Hamas, and Houthi attacks on commercial shipping in theRed Sea, have hurt supply chain efficiency and added to costs. Second,if the Russia-Ukraine conflict continues, it will likely hurt businessconfidence in Europe, leading to a downturn in investment. Third,tensions between the US and China, while stable now, could intensifydepending on political decisions made on either side of the PacificOcean. Finally, the upcoming election in the US could lead to changesin US policy regarding trade, cross-border investment, immigration, andrelations with allies.


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