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

David Brown
David Brown

Updated: 3:30pm, 3 Jan, 2022

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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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