The world is fragmenting. This fracturing had already been underway with the emergence of China as a major economic and geopolitical player and Western governments’ skeptical stance toward China. The war in Ukraine and the responses to it are widening these geopolitical fractures and could accelerate the move from a unipolar world to a bipolar or multipolar world. In our 2022 Secular Outlook, “Reaching for Resilience,” we discuss these and other key trends affecting the global economy, markets, and fiscal and monetary policies that inform our five-year outlook and portfolio positioning. This blog post summarizes our ... (full story)