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Emerging markets most vulnerable to recession and political discontent
Inflation shockwaves is Eurasia Group's top geopolitical risk No. 4 for 2023. But who is most vulnerable to the effects of rising interest rates and a looming global recession?
Emerging markets.
Why? For Rob Kahn, managing director for geo-economics at Eurasia Group, these countries are in deep trouble because they have higher debt and more subject to sudden stops of capital flows that'll make it harder for them to pay for stuff. Not to mention that the pandemic has killed any fiscal monetary policy space they had before COVID, Kahn noted in a GZERO Live conversation about Eurasia Group's Top Risks 2023 report.
Kahn also shares his thoughts on the implications of a global recession and the politics of central banks fighting it.
Read Eurasia Group's Top Risks 2023 report here.
Watch the full live conversation: Top Risks 2023: A rogue Russia and autocrats threatening the world
Top Risks 2023: A rogue Russia and autocrats threatening the world
What should the world fear more: an increasingly unhinged Vladimir Putin or an unbound Xi Jinping? Will most of the global economy enter a recession next year? And what happens when autocrats master the use of artificial intelligence to undermine democracy around the planet? Eurasia Group experts share their view on the top 10 geopolitical risks for 2023 in this livestream conversation.
Participants:
- Ian Bremmer, President and Founder, Eurasia Group and GZERO Media
- Cliff Kupchan, Chairman, Eurasia Group
- Anna Ashton, Director, China Corporate Affairs and US-China, Eurasia Group
- Franck Gbaguidi, Senior Analyst, Climate, Energy & Resources, Eurasia Group
- Rob Kahn, Managing Director, Global Macro-Geoeconomics , Eurasia Group
- Evan Solomon, Publisher, GZERO Media (moderator)