KEY POINTS
  • Strategists expect an increasingly fraught geopolitical backdrop and greater divergence across key regions, compounding uncertainty and market volatility for investors.
  • Goldman Sachs Asset Management noted that elections in the U.S., U.K., South Africa, India, Taiwan and Russia will add to the odds of the global economy diverging from its current path.
  • Lazard's chief market strategist, Ronald Temple, said the most economically consequential geopolitical situation is China's multifaceted tension with the West over competition and Taiwan.
Israeli soldiers transfer detained Palestinians out of the Gaza Strip on November 20, 2023, as battles between Israel and the Hamas movement continue.

Geopolitical risks will be the key threat to the economic outlook for 2024, as large-scale wars converge with a slew of pivotal elections across major global powers.

As the world's financial institutions map out the investment landscape for next year, they expect an increasingly fraught geopolitical backdrop and greater divergence across key regions, compounding uncertainty and market volatility.