After three years of a crisis of scale, the year 2023 did not start very optimistically. According to a survey by the World Economic Forum, almost two-thirds of economists at leading financial institutions and the world’s largest companies expect a global recession this year. This is also the reason why two of the themes of this year’s edition of the Davos Forum were sustainability and business resilience in a global context of “polycrises”, which is exactly what we see from 2020, when multiple crises have arrived. intertwine and feed each other.

In just over a decade, we have been hit by a series of crises that have transformed economies and supply chains and changed the way we work, consume and plan for the future: the financial crisis that began in 2008, the eurozone crisis, Brexit, the Trump presidency, the Covid-19 pandemic , the war in Ukraine, the energy crisis and rampant inflation.

The last four intertwine and overlap at this stage with effects that are difficult to decipher. The pandemic is not over, the war in Ukraine is in its second year, the energy crisis will continue and exacerbate the inflationary crisis, and the world fears a second Trump administration in the United States with all the consequences it will have for global security. and cooperation. This is what the world looks like in the era of polycrisis.

And after the upheavals of recent years, the question of early 2023 remains open as to whether or not a global economic crisis will come, and whether we are better prepared to face it than we were in the 2000s.

Read the continuation of the material on Panorama.ro.