A person holds a sign at a checkpoint as revellers gather ahead of New Year’s Eve celebrations in New York’s Times Square on December 31. Despite record numbers of Covid-19 cases across the city and nationwide, the celebrations went ahead. Photo: Getty Images / AFP
A person holds a sign at a checkpoint as revellers gather ahead of New Year’s Eve celebrations in New York’s Times Square on December 31. Despite record numbers of Covid-19 cases across the city and nationwide, the celebrations went ahead. Photo: Getty Images / AFP
David Brown
Opinion

Opinion

Macroscope by David Brown

With no Plan B, the global economy must brace itself for another ‘black swan’ event

  • A new Covid-19 variant, rampant inflation, a financial crash and climate disasters are just some of the potential crises that could sink tentative global recovery. Overstretched governments and central banks cannot afford to be complacent

A person holds a sign at a checkpoint as revellers gather ahead of New Year’s Eve celebrations in New York’s Times Square on December 31. Despite record numbers of Covid-19 cases across the city and nationwide, the celebrations went ahead. Photo: Getty Images / AFP
A person holds a sign at a checkpoint as revellers gather ahead of New Year’s Eve celebrations in New York’s Times Square on December 31. Despite record numbers of Covid-19 cases across the city and nationwide, the celebrations went ahead. Photo: Getty Images / AFP
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