"We are therefore facing not only the worst of the 1970s (repeated negative aggregate supply shocks), but also the worst of the 2007-08 period (dangerously high debt ratios) and the worst of the 1930s. A new “geopolitical depression” is increasing the likelihood of cold and hot wars that could all too easily overlap and spin out of control." https://www.theguardian.com/business/2023/jan/19/davos-megathreats-imf-economic-financial-challenges #NourielRoubini #megathreats #polycrisis via @TheGuardian