But, the main point we would make is that it would be wrong to be too despondent. The global scene is not all bad. Our region is also fortunate enough to enjoy some silver linings. If it pursues the right policies and manages its politics well, the region can outperform other regions and end the year in better shape than today.
As we approach the end of the year and think about the prospects for the new year, there is huge uncertainty in the global environment and how our region will fare in 2024. What we can do is formulate the best possible guess on how things may pan out, while being humble enough to admit that we may get some things wrong.
Despite the uncertainty, one thing is clear. We live in a dangerous world, replete with geopolitical flashpoints and potential economic downsides. Adding to the challenge are issues such as climate change and technological advances which bring us into uncharted territory and whose consequences are hard to assess. So far, so bad.
