The biggest economic risk facing the world and in particular Europe today is the energy and food crisis. Firstly, a huge rise in prices makes it unaffordable for many people, not only the poor but also the lower middle class. A second consequence will be a greater risk of starvation in the Middle East and Africa, and energy shortages not just this winter but next winter. This raises the risk of social turbulence in Europe.
Anna Gifty Opoku-Agyeman, Co-founder of the Sadie Collective, a nonprofit organization addressing the underrepresentation of Black women in economics, finance, and policy Long term, there’s always horrible things like climate change and war and all that. But short term, I think the biggest risk is that the Fed will overdo it and it will slam on the brakes too hard.The main issue is the uncertainty and the geopolitical scenario. A much longer oil shock would make the economic recovery more difficult, moving into a situation where inflation would be controlled but at a bigger cost.
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