Many Experts are Worried! (The World Economy Is a Machine Optimised For a Function That Is Killing Its Host)
In Europe, they are twice as likely to expect worsening conditions in the next six months as they are to expect improvement. Half of business professionals globally predict increasing unemployment in their countries, the largest share since September 2020. Policy uncertainty permeates every forecast. Consumer sentiment has collapsed across the developed world. Yet the spreadsheets still function. The metrics still compile. China’s GDP growth is projected at 5 per cent. Its trade surplus has hit $1 trillion for the first time in history. Global growth forecasts hover between 2.3 and 3.2 per cent. The system persists. Meanwhile, atmospheric carbon dioxide has reached 425.7 parts per million. This is 52 per cent above pre-industrial levels. Global temperatures are on track to exceed 1.5°C above pre-industrial averages within the decade. Carbon emissions hit an all-time high of 38.1 billion tonnes in 2025. The remaining carbon budget to limit warming to 1.5°C is virtually exhausted. Four y...