Balance sheet recessions take years to repair

The winds of change are blowing around the globe.

74 countries representing half of the world’s population held national elections last year.

Many of them — including the US — saw a replacement of the ruling incumbent by the opposition, often one promising a more nationalistic agenda.

With so many new leaders and their accompanying new policies, what is the outlook for the global economy and financial markets in 2025?

To discuss, we have the great fortune of speaking today with Richard Koo, Chief Economist at the Nomura Research Institute as well as author of numerous best-selling books on economics.Here is a direct video link.

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