In spite of the raging pandemic, the year 2021 would have posted strong gains if it were not for the escalation in geopolitical risks associated with Russia’s stand-off with Ukraine
The “black swans” of 2022 could come from the geopolitical domain, but also emerge on the back of such systemic vulnerabilities in the world economy as climate change, disruptions in energy supplies and the green transition, writes Yaroslav Lissovolik, Valdai ...
... predict. The question is what repercussions these events will have, and whether or not they will have fundamental, qualitative and irreversible consequences. Or will it all be fluff without any real catastrophic effects? The conditions are ripe for Black Swans to appear. Crossing the red lines, violating established traditions, provoking escalations — all this has become the norm in international relations today. Clashes between Russian and NATO fighter jets. Large-scale terrorist attacks and (anti-)migration rallies in Europe. Assassinations. Incidents in Syria and the Middle East. Subversive actions in Donbass. Tensions in the South China Sea. Unexpected election results. Volatility ...
