Geopolitical and economic uncertainty has wiped more than $300bn off the profits of global businesses since 2017, research has found.
Almost 3,500 listed companies globally that have annual revenues above $1bn lost a combined $320bn in profit during periods of geopolitical and macro volatility, a study by EY-Parthenon, the strategy adviser to the Big Four consultancy, shows.
“After years of cheap money and relative geopolitical stability, a wave of macro shifts — from trade tensions to global conflicts — now means that government policy and global events are having a greater impact on value and profits than in many decades”, said Mats Persson, EY-Parthenon UK’s macro and geostrategy leader.