An increasingly polarized and fragmented political landscape has overtaken inflation as the top risk factor for these institutions, find a new a survey by asset management company Invesco. The trends outlined in the Global Sovereign Asset Management Study 2024, reflect an ever more complex and uncertain world for central banks and sovereign wealth funds to navigate. Geopolitical tensions are seen as the main risk to global economic growth in the coming year for 83% of respondents, surpassing concerns about high inflation and monetary tightening (73%). Looking ahead to the next decade, 86% of participants identify rising geopolitical fragmentation and protectionism as the most significant long-term threat. The survey says ongoing conflicts in Ukraine and the Middle East, tensions between major powers including the US and China and the uncertainty surrounding the outcome of so many elections in 2024 are all driving this increased focus on geopolitical risks. In response to these...
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