Executive Summary

May 2026

April demonstrated that systemic changes, not isolated shocks, are shaping the global economy. Resilience is replacing efficiency as the organizing principle. This is redefining how states project power, how businesses operate and where capital flows.…
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Regional Outlook

The Iran War's Geoeconomic Impact

The Iran war is a significant event that has affected the entire world. In this section, we will answer the following questions about each region: What is the most important country in the region, and how has it been affected by the war in Iran?…

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Graphic of the Month

Graphic of the Month

Graphic of the Month

The Month Ahead

Key Questions Shaping the Coming Month

This section of our report highlights the key questions shaping the coming month, focusing on the issues and developments most likely to matter. We’re actively working on each of these questions, and we invite you to submit your own questions so we can begin exploring them as well. May is likely to be defined less by a single dominant event…

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