The writer is the Rene M Kern professor of practice at Wharton School, chief economic adviser at Allianz and chair of Gramercy Funds Management
The global economy and markets last year repeatedly defied trade wars, warnings of slow growth and multiple negative shocks from geopolitical upheaval to attacks on the independence of the US Federal Reserve.
The tumultuous start to this year is a sign that such challenges are far from receding. And this year, investors will have to digest the rising risks to important enablers of growth in 2025.
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