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Global uncertainty has been trending upward over the last few decades, driven by both an increase in the severity of shocks and their frequency. In a more interconnected world, events whose impact might previously have been restricted to one region are now being felt globally. According to the International Monetary Fund’s World Uncertainty Index, which measures mentions of uncertainty in Economic Intelligence Unit reports, uncertainty has risen significantly since the 1990s. It is further reflected in remarks from Kristalina Georgieva, the managing director of the fund, who said, “If I had to identify a theme at the outset of the
