The new episode of Talking Economics brings a timely discussion with Kamil Kovář, Director at Moody’s Analytics and our alumnus, on how today’s
overlapping shocks are reshaping the global economy.
Kamil explores how wars, energy disruptions, rearmament, trade fragmentation, and political unpredictability are changing the way economists think about growth, inflation, and risk. “It’s just, as you said, one shock after another, and it just doesn’t stop,” Kamil says. In this environment, he argues, economists can no longer rely on a single central outlook: “It’s more and more important to talk in terms of scenarios and not talk in terms of the baseline outlook only.”
The episode examines what has changed most fundamentally in the global economy, what the most likely path forward may be, and which alternative scenarios matter most. Kamil also reflects on how recent crises have exposed the limits of traditional models, noting that “the distribution has widened so much” that one or two scenarios are no longer enough to capture the risks economies face.
This episode offers a guide to understanding the macroeconomic landscape in a period marked by constant disruption.
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- Audio url: https://open.spotify.com/embed/episode/5qVktchMd0cWhaIrsInBGL
