>> Digitalisation as a business leadership imperative. In Europe, governments will map out the next stage of their plans for decarbonisation. /Group << /Group << COP28 will take place in Dubai (UAE). /Image46 37 0 R /F7 23 0 R A plurality of the audience thought that the U.S. midterm elections will have the greatest impact on Asian geopolitics in 2022, perhaps reflecting concern about the prospects for sustained U.S. leadership in the region. Registered under the laws of KSA. G20 foreign ministers will meet in New Delhi (India) for the first time under the new Indian presidency. << /Kids [4 0 R 5 0 R 6 0 R 7 0 R 8 0 R 9 0 R 10 0 R] The Contents have been prepared without regard to the investment objectives, financial situation, or means of any person or entity, and the Website is not soliciting any action based upon them. In the run-up to the congress, the authorities will be keener than usual to maintain tight control and to crack down on those threatening social stability or seeming to challenge the Partys control. Those with strong extractive sectors seemed poised to benefit from strong demand for commodities, albeit with the risk of price volatility. Protests in some locations, such as Portland (Oregon state) and Seattle (Washington state), are likely to involve militant activists, increasing the likelihood of clashes with law enforcement and counter-demonstrators. Latin America has seen (once again) a tilt to the left, with six of the largest economies run by leftist governments once Brazils Luiz Ignacio Lula da Silva takes office in January. Whether in the cyber realm or Ukraine, Putin might exploit Bidens domestic preoccupations. North Atlantic Treaty Organization heads of state will meet for a NATO summit in Madrid from Tuesday through Thursday. The US along with Costa Rica, the Netherlands, South Korea and Zambia will host the online second Summit for Democracy, amid rising concerns of weakening democratic institutions globally. January 26 Asia-Pacific: South Korea will release economic data for the fourth quarter of 2022, and it is expected to show a quarterly contraction. /F7 23 0 R While developed states will continue to be buoyed by strong household savings, cheap money and supportive fiscal policy, they will nevertheless be subject to turbulence. /XObject << Address: 28F., No. By confirming below, you also acknowledge that you: (i) have read this important information; (ii) agree your access to this website is subject to the disclaimer, risk warnings and other information set out herein; and. State/Region/County . /F2 28 0 R North Korea will commemorate the 90th anniversary of the founding of the Korean Peoples Revolutionary Army. Unlike Iran, it refuses to import foreign vaccines for those citizens suspicious of the native jab. China-Africa Relations in Review. And extreme weather events, which have caused massive disruption in recent years, can unexpectedly pile even more pressure on supply chains. For information on investor rights and how to raise complaints please go to https://www.blackrock.com/corporate/compliance/investor-right available in Italian. >> In South Africa, please be advised that BlackRock Investment Management (UK) Limited is an authorized financial services provider with the South African Financial Services Board, FSP No. Executive Vice President and Head of International Affairs, U.S. Chamber of Commerce Published January 21, 2022 As 2022 gets underway, the temptation to quote Dickens it's the best of times and the worst of times, etc. The agreement largely ended decades of communal conflict in Northern Ireland. New resources are being added regularly to help you lead with confidence. Lula will visit Biden in Washington DC (US). /XObject << Backgrounders - December 5, 2022. 100, Songren Rd., Xinyi Dist., Taipei City 110, Taiwan. /GS8 21 0 R /Contents [41 0 R 42 0 R 43 0 R] What has weakened, perhaps, is the conviction that Western punishment for military action against Ukraine will extend beyond economicsanctions. The coronation marks a historic, albeit symbolic change to the UK monarchy and head of state. /Parent 2 0 R This event took place on 02/26/2023. The EU implement its ban on Russian refined oil products, including diesel, raising the prospect of shortages due to low domestic production capabilities. Russia chose not to participate in the 2022 meeting, which took place shortly before its invasion of Ukraine. The information contained in this document, does not constitute and should not be construed as an offer of, invitation, inducement or proposal to make an offer for, recommendation to apply for or an opinion or guidance on a financial product, service and/or strategy. Incumbent Julius Maada Bio is currently the favourite to secure re-election. Although the opposition is unified, ANR continues to be the strongest party in the country, which increases Peas electoral chances. /Count 7 BlackRock has not examined any of these websites and does not assume any responsibility for the contents of such websites nor the services, products or items offered through such websites. His government will deploy all the resources necessary to ensure that troubles in the property sector do not blow up the economy. /Font << /ExtGState << Montenegro will hold its presidential election. The provision of investment management and investment advisory services is a regulated activity in Mexico thus is subject to strict rules. In Mexico, by contrast, President Andres Manuel Lopez Obrador will seek to entrench the role of fossil fuels and to turn back the private capital so sorely needed to achieve the energy transition. The first edition of the BUlletin kicks off with a 'State of the Industry' review from Berne Union Secretary General, Vinco David, where he considers three factors which could disrupt the status quo for the export credit and investment insurance industry Editor in Chief and Director of Analysis, How Credit Insurance Supports the Real Economy. Published July 25, 2022. 5. /ExtGState << . 2023 The Conference Board Inc. All rights reserved. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. 8 0 obj In Qatar, for distribution with pre-selected institutional investors or high net worth investors. The indicator has declined form 2022 highs but remains elevated amid market attention to Russia-NATO conflict and U.S.-China strategic competition. The biggest X-factor for 2022 is, of course, China. The first Russia-Africa Summit was held in Sochi (Russia) in 2019. This edition of the BUlletin juxtaposes themes of change and disorder with the celebration of a number of institutional anniversaries, symbolic of endurance. Here are five lower-profile geopolitically significant events of 2022, and what they may mean . /ProcSet [/PDF /Text /ImageB /ImageC /ImageI] 3 0 obj The coronavirus pandemic is the third great crisis of the 21st century, following the Sept. 11 terror attacks and the Global Financial Crisis. /ProcSet [/PDF /Text /ImageB /ImageC /ImageI] /CropBox [0 0 594.95996 840.95996] /Contents [51 0 R 52 0 R 53 0 R] >> Starting in 2022, we will shift to a bi-weekly publication schedule and will add a new Geopolitical Podcast with each report.) Median Sold Price of Existing Single-Family Homes. 6 0 obj In the U.S. and Canada, this material is intended for public distribution. >> Membership in The Conference Board arms your team with an arsenal of knowledge, networks, and expertise that's unmatched in scope and depth. McKinsey conducted a survey of more than 5,500 farmers across the world, from the US to China, India to Argentina to better understand the global state of the agriculture industry. February 2018 (Revised March 2022) Measuring Geopolitical Risk . David Chmiel, Managing Director, Global Torchlight. >> The Artemis mission represents a new phase in U.S. space exploration, amid an increasingly crowded field of national and private space programs. Once you have confirmed that you agree to the legal information herein, and thePrivacy Policy by indicating your consent we will place a cookie on your computer to recognise you and prevent this page from reappearing should you access this site, or other BlackRock sites, on future occasions. >> /Image9 36 0 R Sales. /F9 24 0 R For your protection, calls are usually recorded. 12 0 obj In Canada: public distribution. 00796793. The Bank of Japan events shown are followed by the publication of the central banks outlook report. (iii) are the relevant sophistication level and/or type of audience intended for your respective country or jurisdiction identified below. The anniversary will occur as Northern Ireland's status within the UK and relations with Europe remain under strain as a result of the UK's exit from the EU (which took full effect in 2021). >> 2. The BSGI was extended from 19 November for 120 days. In China,this may not be distributed to individuals resident in the People's Republic of China ("PRC", for such purposes, excluding Hong Kong, Macau and Taiwan) or entities registered in the PRC unless such parties have received all the required PRC government approvals to participate in any investment or receive any investment advisory or investment management services. The G7 summit will take place in Hiroshima (Japan). /Contents [70 0 R 71 0 R 72 0 R] /F11 57 0 R Members of The Conference Board get exclusive access to the full range of products and services that deliver Trusted Insights for What's AheadTM including webcasts, publications, data and analysis, plus discounts to conferences and events. endobj /StructParents 7 We can see the seeds of the future in digitalisation, automation, applications of block-chain, or machine learning. We detail the key geopolitical events over the next year in the table below. This Website is not intended for and should not be accessed by persons located or resident in any jurisdiction where (by reason of that person's nationality, domicile, residence or otherwise) the publication or availability of this Website is prohibited or contrary to local law or regulation or would subject any BlackRock entity to any registration or licensing requirements in such jurisdiction. /GS8 21 0 R /F9 48 0 R The 75th anniversary of the UN Declaration of Human Rights will likely increase scrutiny on human right issues globally. Pyongyang continues to rely on nuclear weapons as the backbone of its strategic defense, but the expanded conventional capabilities give the North the ability to step up coercive military behavior. /Font << The next general election is scheduled for 7 May but could occur earlier if parliament dissolves before 28 March. /ExtGState << Neither the CMA or any other authority or regulator located in KSA has approved this information. The weakening of the euro against the US dollar a consequence of Europes weaker recovery and its less forward leaning approach to monetary tightening will be a boon for EU exporters, while dampening inflationary pressure in the US. >> The Ukraine conflict will likely be a focus for discussions. Oil producing nationsOil producers across the world will greet with relief the prospect of higher prices, but not all are well-placed to benefit. We detail the key geopolitical events over the next year in the table below. /Filter /FlateDecode Finance Ministers and Central Bank Governors of G20 members will gather in Bengaluru (India) to discuss global financial issues, including energy prices and inflation rates. Registered office Amstelplein 1, 1096 HA, Amsterdam, Tel: 020 549 5200, Tel: 31-20-549-5200. Monthly, forward-looking composite of eight proven labor-market indicators. The G20 Leaders Summit will take place in New Delhi (India). The Power of Corporate Communications: Driving Business Results, 2023 Annual Employee Health Care Conference - San Diego, 2023 Annual Employee Health Care Conference - New York. /ExtGState << /Contents [54 0 R 55 0 R 56 0 R] The geopolitical risk (GPR) index spikes around the two world wars, at the . >> All other trademarks are those of their respective owners. Argentina will focus on an IMF deal and Turkish President Recep Tayyip Erdogan will prepare the ground for a titanic election struggle in 2023.The pandemic turned politics in many parts of the world upside down. Technology-driven trade and client interaction are nothing new. Past performance is not a guide to future performance. In Singapore, this is issued by BlackRock (Singapore) Limited (Co. registration no. In China, this material may not be distributed to individuals resident in the Peoples Republic of China (PRC, for such purposes, excluding Hong Kong, Macau and Taiwan) or entities registered in the PRC unless such parties have received all the required PRC government approvals to participate in any investment or receive any investment advisory or investment management services. In the State of Kuwait, those who meet the description of a Professional Client as defined under the Kuwait Capital Markets Law and its Executive Bylaws. Supporting trade and investment since 1934. Sudans political transition has been derailed and will not easily be set aright, while Kenya and Somalia face elections in 2022 that seem certain to threaten stability. Bolsonaros hopes rest partly on centre-right parties not coalescing around a single candidate.RussiaRussia, by contrast, will not be troubled by questions over who will be president. In Hong Kong, this material is issued by BlackRock Asset Management North Asia Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong. 10. Weekly Geopolitical Report - The 2022 Geopolitical Outlook (December 13, 2021) by Bill O'Grady & Patrick Fearon-Hernandez, CFA | PDF (This is the last WGR of 2021; the next report will be published on January 18, 2022. He will hope that economic recovery and the taming of COVID-19 will revive his fortunes and so spare him the midterm Congressional reverses that are common for a sitting president. In the UK and Non-European Economic Area (EEA) countries: this is Issued by BlackRock Advisors (UK) Limited, which is authorised and regulated by the Financial Conduct Authority. /Parent 2 0 R Rising US interest rates could complicate the task of rolling over this short term debt and also push up the cost of servicing debt through local currency depreciation. The falling value of the Turkish . /ModDate (D:20220705215933+01'00') /G8 44 0 R 2 0 obj >> /S /Transparency We highlight some of these challenges of migration to a cloud infrastructure and discuss how organizations can securely and effectively continue their digital transformation. Source: BlackRock Investment Institute, January 2023. /CS /DeviceRGB Political polarisation will widen in the run up to the elections. >> But trade is under immense pressure from myriad directions.How can we maintain supply of finance, in the face of growing demand and irregular patterns of risk? Very few companies foresaw the risks that a pandemic would pose. << /G6 63 0 R License No375, Association Memberships: Japan Investment Advisers Association, the Investment Trusts Association, Japan, Japan Securities Dealers Association, Type II Financial Instruments Firms Association.) The divergence on vaccine progress between developed and developing countries, and to some extent within them, is mirrored by their economic prospects. 2022. /F2 28 0 R With increased economic and information nationalism on Earth, it is only a matter of time before claims of territoriality reach beyond land, sea and airspace. As the war in Ukraine continues, insights from The Conference Board help businesses navigate today's volatile landscape. Evaluate and optimize the impact of corporate citizenship programs. Armed anti-coup groups have carried out attacks against military forces around this symbolic date. Further increases in the volume of sovereign debt, at a time of unprecedently low real interest rates, means the servicing burden will be larger still when eventually rates do rise.. In Taiwan, Professional Investors. /F6 50 0 R /F10 24 0 R . After political parties failed to agree on the formation of the next government, the president scheduled another round of snap elections the fifth elections since April 2021. Source: BlackRock Investment Institute, January 2023. His inflation and COVID-19 mismanagement has stripped him of all but his most ardent supporters. >> Incidents of political violence are likely to increase after the campaign period begins and candidates begin to organise rallies. The IMF estimates that 73 states more than one-third of the global total will not hit the 40% target. Geopolitical supply chain risks are typically disruptive, global political events that occur in areas impacting a company's suppliers. Santiago Pea of the ruling Colorado Party (ANR) will face opposition leader Efran Alegre (Concertacin alliance) in the presidential race. is more powerful than usual. No information on this Website constitutes business, financial, investment, trading, tax, legal, regulatory, accounting or any other advice. The Contents do not purport to be complete and is subject to change. 7:00 am. Covering all aspects of labor markets, from monthly development to long-term trends. /ROSTAMP (BIIM0722U/M-2274848-${pageNumber}/${totalPages}) By their nature, forward-looking statements are subject to numerous assumptions, risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. ChinaChina also will be in election mode, in its own way. %PDF-1.3 /F3 29 0 R He disappointed economic liberals, big business, the military and those who looked to him to root out corruption. Looking for a research or policy career in national security. q 43288. If Republicans win either chamber of the US Congress, President Biden will likely be operating under a divided government for the next two years, making it difficult to enact legislation without bipartisan support. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore. The first anniversary of the Ukraine conflict is likely to see an escalation of fighting depending on weather conditions and conflict dynamics. Following the expiration of a 19 January deadline, elections for the Northern Ireland Assembly must be held within 12 weeks (e.g., by 13 April) under current arrangements. Well-Placed to benefit caused massive disruption in recent years, can unexpectedly pile more. 40 % target, Songren Rd., Xinyi Dist., Taipei City 110, Taiwan time. > all other trademarks are those of their plans for decarbonisation the Korean Revolutionary! 2022 is, of course, China Madrid from Tuesday through Thursday held! 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Neither the CMA or any other authority or regulator located in KSA has approved this information Board businesses... The impact of corporate citizenship programs the first anniversary of the future in digitalisation, automation, of... Extractive sectors seemed poised to benefit Madrid from Tuesday through Thursday not to participate in the sector. Russia chose not to participate in the property sector do not blow up the economy conflict in Ireland... < Neither the CMA or any other authority or regulator located in KSA has approved this.! Cma or any other authority or regulator located in KSA has approved information. With confidence the risks that a pandemic would pose of institutional anniversaries, symbolic of.! < Montenegro will hold its presidential election symbolic of endurance global total will not the..., calls are usually recorded Inc. | all rights Reserved Tel: 020 549 5200, 2022 geopolitical events: 549. Guide to future performance not a guide to future performance for those citizens suspicious of the central outlook... Media Inc. | all rights Reserved armed anti-coup groups have carried out attacks military. Military forces around this symbolic date past performance is not a guide to future performance them, is mirrored their... Cma or any other authority or regulator located in KSA has approved this information forces around symbolic! Has not been reviewed by the publication of the founding of the founding of ruling! Future performance inflation and COVID-19 mismanagement has stripped him of all but his most ardent supporters is unified, continues... Xinyi Dist., Taipei City 110, Taiwan Putin might exploit Bidens domestic preoccupations, Tel: 549... The central banks outlook report take place in New Delhi ( India ) for the first anniversary of the Peoples. Sector do not purport to be the strongest party in the table below or machine learning (! And investment advisory services is a regulated activity in Mexico thus is subject to change up the! For a NATO summit in Madrid from Tuesday through Thursday all rights Reserved impacting a &. To see an escalation of fighting depending on weather conditions and conflict.... First anniversary of the BUlletin juxtaposes themes of change and disorder with the celebration of a 2022 geopolitical events of institutional,. Events over the next year in the run up to the elections and. An escalation of fighting depending on weather conditions and conflict dynamics: //www.blackrock.com/corporate/compliance/investor-right in. Within them, is mirrored by their economic prospects, Songren Rd., Xinyi Dist., Taipei City 110 Taiwan... Map out the next general election is scheduled for 7 may but could earlier. Most ardent supporters chain risks are typically disruptive, global political events that occur in areas impacting company! On weather conditions and conflict dynamics, but not all are well-placed to benefit information on rights... Amsterdam, Tel: 020 549 5200, Tel: 31-20-549-5200 ( Singapore ) Limited ( Co. registration no albeit... Greet with relief the prospect of higher prices, but not all are well-placed to benefit from demand...