Events to Watch

About this Report: In 2022, many executives across industries and geographies found their plans spoiled by a series of shocking macroeconomic and geopolitical events. The war in Ukraine, surging energy and food prices, and the fastest monetary tightening in decades all substantially altered the macroeconomic outlook and business environment. In 2023, companies should expect this environment of uncertainty to continue, and prepare their business accordingly. The continuation of the war in Ukraine amplifies the risk of a direct war between Russia and NATO, as well as further disruptions to global food and energy supply. Persistent US-China tensions and the increasing insularity of China’s economy raise the probability of a confrontation over Taiwan. A rapid increase in interest rates may pave the way for further disruptive events, such as a global housing collapse, banking crisis, or commodity price crash. While these events are far from guaranteed, the ability to anticipate, analyze, an