Multiple concurrent economic, political, and ecological shocks are converging to rock the globe in the next decade, and the world is playing catch-up to address them.
The next 10 years are shaping up to be a transformational period for the world economy, which is under threat from a number of interrelated crises. The veteran economist and well-known pessimist Nouriel Roubini, also known as Dr. Doom for his gloomy forecasts of the future, broke down 10 massive economic challenges in his recent book “Megathreats,” ranging from unprecedented debt chaos to global climate disruption.
The world has faced each of these crises individually before, but experts including Roubini and economic historian Adam Tooze fear that these threats could morph into a singular “polycrisis,” a state of risk where multiple crises intersect to amplify their collective impact. And now one of the…
