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Annie Gugliotta

Gloom could spell doom for Biden and Trudeau

Voters from the Rio Grande to the Arctic are deeply pessimistic about the economy, which means both Justin Trudeau and Joe Biden are facing an uphill battle for reelection.

The horse race polls are worrying for both men. Some 56% of Americans disapprove of the US president, while only 39% approve, and a recent NYT/Siena poll shows him trailing Donald Trump in five of six battleground states. Trudeau’s approval rating is worse — only 33% approve of him, while 61% disapprove. He has trailed the opposition Conservatives by double digits in polls for months.

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bidentrudeaueconomic recoveryeconomyreelection2024 presidential electioncanadian election
World Bank's David Malpass on global debt & economic inequalityplay icon
World Bank's David Malpass on global debt & economic inequality | GZERO World with Ian Bremmer
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World Bank's David Malpass on global debt & economic inequality

The world has a huge debt problem. Economic growth is slowing, but global debt is skyrocketing.

David Malpass sits down with Ian Bremmer on GZERO World for his final interview as president of the World Bank Group to discuss the debt crisis, his tenure at the World Bank, and solutions for combatting growing economic inequality.

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david malpassian bremmerworld bankglobal debt crisisus debt limitglobal economyglobal inequalityeconomic recoverychina economyajay bangaindiaindonesiainflation

Episode 5: Energy transition today

Transcript

Listen: "It actually all comes down to one thing and that's money," says Raad Alkadiri, Managing Director of Energy, Climate and Resources at Eurasia Group. "Will there be the money for investment in renewables, in energy efficiency made available? And I'm not just talking about the industrialized world, I'm talking about globally."

In the latest episode of Living Beyond Borders, a podcast produced in partnership between GZERO and Citi Global Wealth Investments, Alkadiri is joined by Malcolm Spittler, Global Investment Strategist and Senior US Economist at Citi Global Wealth Investments, to look at where the energy transition to renewable fuels stands globally, after setbacks from the pandemic and geopolitical instability.

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living beyond borderseurasia groupglobal economyeconomic recoveryshari friedmansupply chainscitifossil fuelsmalcolm spittlerraad alkadirienergy securityenergy

Episode 4: Broken (supply) chains

Transcript

Listen: "Other than the impacts of the pandemic, which are easing, and from Russia/Ukraine, I'd say that the greatest risk to global supply chains today and moving forward will likely be from the US-China relationship, and the movement towards selective decoupling," says Jon Lang, Director for Trade and Supply Chains at Eurasia Group.

In the latest episode of Living Beyond Borders, a podcast produced in partnership between GZERO and Citi Global Wealth Investments, Lang is joined by Charlie Reinhard, Head of Investment Strategy for North America at Citi Global Wealth Investments, to discuss how global supply chains have largely adapted to and moved on from changes that occurred during the global pandemic.

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living beyond borderseurasia groupglobal economyeconomic recoverycharlie reinhardshari friedmansupply chainsjon langcitius-china relationschinasupply chain shortages
World faces "lost decade" of economic growth, says World Bank economistplay icon
World faces "lost decade" of economic growth, says World Bank economist | GZERO Media
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World faces "lost decade" of economic growth, says World Bank economist

The World Bank predicts that the global economy now faces a decade of lost growth, in part due to an older workforce and lower productivity. Is the way out of the looming doldrums to have a young population like Nigeria?

Yes, but those countries will need help from wealthy nations to invest in things like education to reap the benefits of their demographic divided, World Bank deputy chief economist Ayhan Kose tells GZERO's Tony Maciulis at the World Bank/IMF spring meetings in Washington, DC.

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ayhan koseglobal inequalityglobal recessionglobal stageian bremmertony maciulisworld bankglobal economyeconomic recoverydemographic dividendclimate change

Episode 3: Inflation Nations: What to know about inflation and interest rates

Transcript

Listen: "During the course of this year, the Fed will not be concerned only with inflation as the months go by; increasingly the pendulum will shift, and they'll be concerned about the employment part of their mandate as well," says Charlie Reinhard, Head of Investment Strategy for North America at Citi Global Wealth Investments.

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Welcome to the global economy in 2023play icon
Ian Explains: Welcome to the Global Economy in 2023 | GZERO World
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Welcome to the global economy in 2023

How could the most robust global economy in human history get stuck in a sticky inflation trap?

The good news: From a historical perspective, the best time to be alive is ... right now.

Over 1 billion people have escaped poverty within the last two generations. They have experienced an unprecedented period of fast-expanding and broad-based prosperity.

And in the near future, there's a lot to look forward to: most of the world is moving on from the pandemic, Russia has no way to win in Ukraine, the European Union and NATO are stronger than ever, and the climate economy is benefiting from dirt-cheap clean energy prices, Ian Bremmer explains on GZERO World.

But the bad news is that there are real problems ahead. The main one is inflation, which is not going away anytime soon and will drive a lot of the economic doom and gloom for 2023.

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ian bremmergzero worldglobal recessionglobal economyeconomic recoveryinflation20232023 global economy
The state of the global economy is … not goodplay icon
Ian Explains: The State of the Global Economy Is … Not Good | GZERO World
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The state of the global economy is … not good

This year, the annual fall meetings of the World Bank and the IMF were all about global economic doom and gloom.

The IMF has cut its global growth prediction for this year by half compared to 2021. And next year will be the worst since COVID and the 2008 financial crisis.

Meanwhile, inflation is still very high — and efforts by rich countries to tame rising prices are going to hurt poor nations.

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gzero worldworld bankinflationrecessionenergy crisisclimate changeglobal economyinternational monetary fundeconomic recoveryian bremmer

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