China remains a market capable of creating high expectations and even larger surprises. endobj /F5 24 0 R 2023 The Conference Board Inc. All rights reserved. The labour force is likely to be somewhat smaller for years ahead, as an unprecedented number of workers chose early retirement during early lockdowns while others seem reluctant ever to return to jobs they regard as high-risk in light of the pandemic. Some states facing these threats could step away from full convertibility and embrace capital controls. For qualified investors in Switzerland, qualified investors as defined in the Swiss Collective Investment Schemes Act of 23 June 2006, as amended. << In Australia, public distribution. Source: BlackRock Investment Institute, January 2023. /Parent 2 0 R meetings shown are those accompanied by press conferences. Control Risks Group Holdings Ltd registration no.01548306. Here are five lower-profile geopolitically significant events of 2022, and what they may mean . /StructParents 0 In the two decades before the pandemic, global supply chains became sophisticated, low margin and highly vulnerable as companies drove down costs, relying on just-in-time models and sole suppliers. /Image107 74 0 R I am passionate about drawing actionable geopolitical insights from all-source data and communicating them to key stakeholders innovatively, forewarning them of risks and informing them of opportunities.<br><br>To this end, I have honed my research and analysis skills by writing extensively on geopolitics and . Discover what to do in LA today. On Feb. 24, the Russian armed forces invaded Ukraine, starting a military conflict of a magnitude not seen in Europe since the end of World War II. In Latin America, no securities regulator within Latin America has confirmed the accuracy of any information contained herein. /F9 48 0 R Upcoming; Month; Week; Day; Mar 8 2022 Tue Small Meeting Room Tuesday, March 8, 2022 7:00pm - 9:00pm Also Occurs On : 10/12/21 11/09/21 Although the opposition is unified, ANR continues to be the strongest party in the country, which increases Peas electoral chances. /ProcSet [/PDF /Text /ImageB /ImageC /ImageI] The Ukraine conflict will likely be a focus for discussions. /F12 58 0 R Prediction 1: South Korea's presidential election will impact Asian geopolitics. /Parent 2 0 R 2:54 am. /Font << >> /F2 28 0 R But trade is under immense pressure from myriad directions.How can we maintain supply of finance, in the face of growing demand and irregular patterns of risk? Median Sold Price of Existing Single-Family Homes. 1 / 12. Credit. /F5 24 0 R /Contents [66 0 R 67 0 R 68 0 R] You may not get back the amount originally invested. The next general election is scheduled for 7 May but could occur earlier if parliament dissolves before 28 March. This edition of the BUlletin juxtaposes themes of change and disorder with the celebration of a number of institutional anniversaries, symbolic of endurance. In South Korea, Qualified Professional Investors (as defined in the Financial Investment Services and Capital Market Act and its sub-regulations). Neither the CMA or any other authority or regulator located in KSA has approved this information. /F10 24 0 R Any distribution, by whatever means, of the information within and related material to persons other than those referred to above is strictly prohibited. 7:00 am. /CropBox [0 0 595.2 841.92] In the United Arab Emirates is only intended for -natural Qualified Investor as defined by the Securities and Commodities Authority (SCA) Chairman Decision No. While the rhetoric may have changed a notch or two -hyphenation and contestations with the . In Latin America, institutional investors and financial intermediaries only (not for public distribution). /XObject << endobj >> New resources are being added regularly to help you lead with confidence. The current five party coalition led by the centre left Social Democratic Party (SPD) is likely to be replaced by a centre-right coalition led by National Coalition party (KOK) and including the far-right True Finns. But can Chinas 180 degree shift in priorities from zero-COVID to economic growth deliver? If rising consumer prices persist in the major economies into the second half of 2022, hurting consumers, then a mix of political and public pressure might push one major central bank to hike rates faster than expected, unsettling markets. February 28, 2023 11:00 AM ET [11:00] (New York), February 22, 2023 09:30 AM ET [09:30] (New York), 03:30 PM CET [15:30] (Brussels), 10:30 PM SGT [22:30] (Singapore), Your Indispensable guide through the global recession. One example of a geopolitical event is a countries conflict, such as the U.S. and China tariffs. /F4 49 0 R David Chmiel, Managing Director, Global Torchlight. North Korea will commemorate the 90th anniversary of the founding of the Korean Peoples Revolutionary Army. A more immediate concern is inflation. In the United States, midterm elections in the fall of 2022 have the potential to change the balance of power in Washington. Once again, we try to forecast the events most likely to induce crucial changes for the world (economy) in 2022. . /Group << 100, Songren Rd., Xinyi Dist., Taipei City 110, Taiwan. << /CropBox [0 0 595.2 841.92] Note: European Central Bank meetings shown are those accompanied by press conferences. /F8 25 0 R issued in the Kingdom of Saudi Arabia (KSA) by BlackRock Saudi Arabia (BSA), authorised and regulated by the Capital Market Authority (CMA), License No. This refers to when Turkey (formerly Ottoman Empire) as part of a First World War agreement formally renounced claims to Mosul province, Cyprus and other territories in the Eastern Mediterranean. The world's response to Russia's aggression came swiftly with the EU, the U.S., and other major G-20 nations imposing a severe set of economic sanctions that . In Taiwan, Professional Investors. >> In 2022, we saw major disruptions that can result from drought. >> /F4 49 0 R The Shangri-La Dialogue will provide a forum to discuss critical regional security issues. Technology-driven trade and client interaction are nothing new. >> 2023 BlackRock, Inc. All rights reserved. We are not currently buying Russian . /Type /Page January 26 Asia-Pacific: South Korea will release economic data for the fourth quarter of 2022, and it is expected to show a quarterly contraction. /StructParents 0 Every day of the year, Chinatown is a veritable movable feast for the senses, a vibrant center of commerce, tourism, culture and community. /G7 47 0 R The quick, huge stimulus programmes he desired were delayed and thinned out by a handful of fellow Democrats in Congress. This pattern is likely to continue in 2022, not least because the richer world is more advanced in vaccinating people against COVID-19. /F1 27 0 R This event took place on 02/26/2023. The loss of cheap, flexible labour in logistics, the disruptions caused by factory or port closures, and the loss of transport capacity as passenger flights were cut back and their empty holds were no longer available for durable and perishable goods (or because containers were stuck in the wrong part of the world or were unaffordable for exporters to move) point to a system of supply chains that was agile and efficient but fragile, and is now broken. << /F1 27 0 R Geopolitical events typically have a modest and short-lived impact on markets and economies. We present a news-based measure of adverse geopolitical events and associated risks. /Tabs /S /F7 24 0 R Evaluate and optimize the impact of corporate citizenship programs. The anniversary is typically accompanied by an increase in propaganda from al-Qaida, its affiliates, and its sympathisers, including calls for attacks against the US, Israel, other countries, and local governments. endobj /CropBox [0 0 595.2 841.92] The European Council of EU leaders will meet to discuss migration and competitiveness between the US and China. Our economic indicators, surveys, and analyses are the most authoritative source of timely, accurate information on business conditions around the globe. This event took place on 02/26/2023. The Contents have been prepared without regard to the investment objectives, financial situation, or means of any person or entity, and the Website is not soliciting any action based upon them. stream Track the latest short-, medium-, and long-term growth outlooks for 77 economies. We outline the problem of greenwashing, its potential consequences for companies and consumers, and the steps you can take to avoid it. Turkey's Economic Troubles. /Image41 38 0 R Turkeys facilitation of the Russia/Ukraine grain deal highlights the rising role of middle powers in a multipolar world. Spain takes over from Czechia in the six-month rotating presidency of the Council of the EU, until 31 December 2023. Neither the DFSA or any other authority or regulator located in the GCC or MENA region has approved this information. 6 0 obj >> /Count 7 Find . General elections, Sindh and Balochistan provincial elections, Seerist Core: your essential risk monitoring platform, ESG Country Monitor: understand your material exposure, Membership: a better way to Control Risks, Sanctions Country Monitor: intelligence on sanctions risks globally. Meanwhile, increasing electoral fatigue will keep the turnout low, dimming hopes of prompt government formation after the polls. But picking the final two proved problematic, particularly as there were so many smaller events that are likely to have outsized significance far beyond their brief moments of attention. 5. /Type /Group %PDF-1.3 Top-level appointments will consolidate his power. The Bank of Japan events shown are followed by the publication of the central bank's outlook report. Changes in the rates of exchange between currencies may cause the value of investments to diminish or increase. Before we proceed, please take a moment to review and accept the following terms and Conditions: Track our top geopolitical risks and their potential impact on markets. /S /Transparency /Resources << The geopolitical risk (GPR) index spikes around the two world wars, at the beginning of the Korean War, during the Cuban Missile Crisis, and after 9/11. So too could low-income states, who on average face debt-servicing costs equal to 21% of budget revenue in 2022, compared with the single-digit burdens they had in 2008. endobj Corruption will be a key topic in the campaign as scandals tarnish both sides. 200010143N). stream endobj >> /Annots [75 0 R 76 0 R 77 0 R] In Canada: public distribution. /StructParents 0 /Parent 2 0 R Politicking is likely to persist in the coming months. This material is only directed at 'Professional Clients and no other person should rely upon the information contained within it. Systematic retrieval of content from this Website to create or compile, directly or indirectly, a collection, compilation, database or directory (whether through robots, spiders, automatic devices or manual processes) or creating links to this Website is strictly prohibited. Though asteroid mining and space colonies may still be far in the future, competition over access to space, future resources and the technology and prestige associated with space exploration is driving renewed focus on the ultimate strategic high ground. /F3 24 0 R /Type /Group The 2019 Christchurch attack remains the most significant terrorist attack in New Zealand and is among one of the most prominent right-wing extremist incidents. /Resources << Published July 25, 2022. A Kurdish Peshmerga fighter stands near a wall on which the black . With the wounds of the pandemic still under triage, a rebound in trade could the best hope for governments and businesses alike. Those with strong extractive sectors seemed poised to benefit from strong demand for commodities, albeit with the risk of price volatility. /F5 31 0 R Spring Periodical with 2018 Year end statistics and commentary, plus results of the 2019 'State of the Industry Survey', conducted jointly with ICISA. /Font << Traditionally celebrated in support of the military, the holiday is likely to be used to rally public support for Russias military operation in Ukraine, which is expected to escalate in the coming months. Those at the lower end of the range will find it more difficult to strike a balance between easing restrictions on individual freedom and economic activity on one hand, and ensuring their hospitals are not overwhelmed by infected people on the other. In Hong Kong, this material is issued by BlackRock Asset Management North Asia Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong. Save. >> /Tabs /S Centers offer access to world-class experts, research, events, and senior executive communities. /StructParents 1 There has been ongoing speculation that the government will bring it forward. Latin America has seen (once again) a tilt to the left, with six of the largest economies run by leftist governments once Brazils Luiz Ignacio Lula da Silva takes office in January. In the Gulf, the Arab producers who have handled COVID-19 well will enjoy a revenue windfall and be well placed to meet recovering demand. The US and some other developed economies are recovering fast and have already made up the ground lost during the pandemic. Protests in some locations, such as Portland (Oregon state) and Seattle (Washington state), are likely to involve militant activists, increasing the likelihood of clashes with law enforcement and counter-demonstrators. Russias (re)invasion of Ukraine triggered the other seven members of the Arctic Council to cease participation in the body, which is under Russian rotational leadership. US consumers thoughts on the economy, jobs, finances and more. Fitch Solutions welcomes you to our annual World of Worries which will be held as a virtual event featuring a live virtual panel, interactive polling and a live Q&A session. Continued pressure on Taiwan, expansionist moves in East Asia and internal pressure on corporations to support the government's "common prosperity" goal will certainly have spillover impacts on corporate supply chains serving these markets. We detail the key geopolitical events over the next year in the table below. In Italy: This document is marketing material. Russia has not been invited this year due to the Ukraine conflict. The information contained on this website (this Website) (including without limitation the information, functions and documents posted herein (together, the Contents) is made available for informational purposes only. The indicator has declined form 2022 highs but remains elevated amid market attention to Russia-NATO conflict and U.S.-China strategic competition. of 2017 concerning Promoting and Introducing Regulations. Examines the health of the US economy from the perspective of CEOs. Our research and analysis have helped the world's leading companies navigate challenges and seize opportunities for over 100 years. /F7 23 0 R Turkey's Economic Troubles. Riviera Country Club-CA. /F4 64 0 R endobj North Korean conventional weapons tests. The current geopolitical environment is becoming increasingly fluid and complex, and it has a significant impact on Australian businesses. 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Ukraine conflict will likely be a focus for discussions person should rely upon the information contained herein can take avoid... Peoples Revolutionary Army has confirmed the accuracy of any information contained herein will consolidate power. 2022 highs but remains elevated amid market attention to Russia-NATO conflict and U.S.-China competition! Research and analysis have helped the world ( economy ) in 2022. Korean conventional weapons tests of,!, and the steps you can take to avoid it in Switzerland, qualified in. The CMA or any other authority or regulator located in KSA has approved information!