by Peter Zeihan on May 1, 2023

When the International Monetary Fund (IMF) releases its least optimistic report in the last 50 years, alarm bells should go off for everyone. IMF’s projected global economic growth for the next year is 2.8%, and for the next five years is only 3%. The scariest part is that these numbers are likely overly optimistic.

No matter where you live in the world, this stagnation of economic growth will hit you, from the rich world to the developing world, and even the country that has had the highest growth rates for years – China. There might be a few isolated pockets of growth seen in areas that are nearshoring or friendshoring, but this will just exasperate the economic collapse of other places as industry pulls out.

We are looking at the unwinding of the globalized world from a geographic and demographic POV. In a situation like this, low economic growth rates will always be the result.

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