Economists warn of ‘Cold War rhetoric’ as global tensions rise

Business | Business News Economists have warned of “hardening Cold War rhetoric” as they said they expect the world to continue to tilt towards protectionist policies. A survey conducted towards the end of last year found that 87% of the 30 respondents thought recent geopolitical developments would stoke economic volatility around the world over the next three years. Eight in 10 said that they thought it would increase volatility in stock markets. It comes in a survey run by the World Economic Forum (WEF) as its annual meeting in Davos , Switzerland , kicks off this week. At the start of 2024, various alliances and simmering global…