Experts Warn of Ongoing Threats to Global Economy Despite Talk of Soft Landing
• Talk of a "soft landing" for the global economy is premature - many threats still exist including high inflation, China's property market crisis, increased global fragmentation, Russia's war in Ukraine, and climate change.
• If inflation remains sticky and interest rates stay higher for longer, it could lead to a stock market sell-off and economic "hard landing" in the US.
• China faces economic strains from its bursting property bubble which could further fragment the global economy and increase protectionism.
• Russia has the upper hand in Ukraine which goes against Western interests - this could undo the "peace dividend" of the post Cold War era.
• Climate change threatens to impose itself on global capitalism, unraveling the financial system's linkage of cheap production and rich consumption in different parts of the world.