Three Years of Tough Economic Policymaking

The past few years have seen wild swings in fiscal and monetary policy.

Open as PDF

Global Fiscal Policy and Trends
(click to enlarge)

The global economy over the past few years can be summed up in one word: volatile. Shocks to the market spurred high inflation across the globe that is only now showing signs of moderating. Governments appear to be on the same page when it comes to trying to cool down their economies, adopting tightening measures across the board.

Managing this situation has proved extremely challenging, as governments have had to adapt quickly to rapidly changing circumstances. While there are signs of normalization, many governments now face greatly reduced fiscal buffers. Others, particularly developing economies, are teetering on the edge of a debt crisis. For many, the lesson of the past three years is the importance of low debt and large buffers against future shocks.

Geopolitical Futures
Geopolitical Futures (GPF) was founded in 2015 by George Friedman, international strategist and author of The Storm Before the Calm and The Next 100 Years. GPF is non-ideological, analyzes the world and forecasts the future using geopolitics: political, economic, military and geographic dimensions at the foundation of a nation.