Back

Conflicts will continue to dominate geopolitics in 2024 – Standard Chartered

The incidence of violent conflict has been multiplying globally. Conflicts from Ukraine to the Middle East – and beyond – will dominate in 2024. Strategists at Standard Chartered report.

Global fragmentation will remain a central theme 

The war in Ukraine and the Israel-Hamas conflict will continue to have profound implications for global policy and geopolitics. They will demand significant policy bandwidth from major powers, most notably the US. In addition, they will further strain fiscal positions in the US and Europe (both directly and indirectly) at a time when fiscal and debt dynamics are increasingly constrained.

Recent conflicts are reinforcing the pre-existing trend of global fragmentation. As much of the developing world aligns itself against Israel and the US in the current conflict, this may weaken US efforts to increase its global influence, while strengthening the China-Russia axis.

 

AUD/USD rises high amid USD weakening post GDP revisions

The Australian Dollar (AUD) enjoyed an upward rally against the US Dollar (USD) in Thursday's trading session, stimulated by the revision of the Q3 Gross Domestic Product (GDP) numbers that worked to soften the Greenback.
अधिक पढ़ें Previous

United States Kansas Fed Manufacturing Activity fell from previous -3 to -4 in December

United States Kansas Fed Manufacturing Activity fell from previous -3 to -4 in December
अधिक पढ़ें Next