Fragmentation and the new World Order: investing in an era of power politics
key takeaways.
- Technological rivalry has become the central engine of the global economic cycle, with US–China competition driving investment, innovation, and long-term industrial transformation
- Strategic bottlenecks now shape geopolitical power, from rare earths to computing capacity, creating volatility that is structural rather than cyclical
- Security is replacing efficiency as the guiding principle of economic policy, prompting massive investment in energy, infrastructure, and industrial capacity – a shift that creates both risks and long-term opportunities for investors
- Europe faces a pivotal moment, as evolving fiscal norms and the weakening of the old geopolitical order push the continent to strengthen strategic autonomy, stimulate domestic demand, and rethink its role in a more contested world.
US–China rivalry, fragmentation, and Europe’s fiscal reawakening: our experts analyse emerging investment cycles in a world increasingly shaped by security imperatives and shifting power…
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