The Risk Economists Are Overlooking

Is the world economy heading toward another recession—or are we asking the wrong question? In this episode, we examine why many conventional economic analyses fail to capture the structural transformation reshaping the global economy. As strategic competition, technological sovereignty, energy security, and resilient supply chains increasingly drive investment decisions, the foundations of globalization are being fundamentally redefined. Rather than focusing solely on growth forecasts and inflation, this episode explores how geopolitics has become a central force in capital allocation, industrial policy, and long-term economic strategy—and why relying on globalization-era assumptions may be the greatest risk of all.