Governments can’t take their resilience for granted | Bloomberg News

The global economy has unexpectedly weathered the challenges of recent years extraordinarily well. Following the pandemic, the system faced a series of consecutive shocks, including Russia’s war on Ukraine and Washington’s rejection of rule-based liberal trade. Most recently, the economy has had to contend with the war with Iran. Despite these significant disruptions, the overall resilience of the global economic framework has remained surprisingly strong, though governments are cautioned not to take this stability for granted.