Global use of death penalty at highest level since 2015: Amnesty
The use of the death penalty has reached its highest level worldwide since 2015, London-based human rights group Amnesty International said on Wednesday.
The global political landscape in 2024 seems poised to unleash a wave of uncertainty that could reverberate through financial markets worldwide.
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The global political landscape in 2024 seems poised to unleash a wave of uncertainty that could reverberate through financial markets worldwide. A confluence of elections in key nations, representing a substantial chunk of the global economy, is setting the stage for what financial analysts are terming a potential “ballot box bombshell.” First in line is Taiwan, where the clash between the ruling Democratic Progressive Party and the opposition Kuomintang is more than a battle for domestic governance. It’s a geopolitical flashpoint in US-China relations, with investors wary of the potential for escalated trade tensions.
The spectre of a Chinese invasion looms, albeit unlikely, and the repercussions could disrupt global markets, particularly in the tech sector, halting chip manufacturing and denting global economic output. Moving to Europe, the rise of far-right parties, particularly in the European Parliament, threatens to reshape the continent’s political landscape. Italy, a standout performer in 2023, might face market turmoil if euro-sceptic gains signal a weakened commitment to European integration.
The EU’s role in legislation and its stance on Ukraine and climate policy make the European elections a crucial market barometer. Russia’s elections, seemingly a predictable coronation for President Vladimir Putin, carry weight beyond the Kremlin. The campaign may reveal more about Mr Putin’s stance on the Ukraine conflict, influencing Western responses and potentially triggering economic sanctions. The economic repercussions of Russia’s assertive actions, coupled with the spectre of frozen assets, add a layer of complexity. India, a rising economic force, is not immune to election-induced market tremors. Persistent inflation poses a threat to the ruling Bharatiya Janata Party (BJP), and any shift towards fiscal populism could strain the fiscal deficit.
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As investors pivot from China, India becomes a focal point, and the election’s outcome will shape the trajectory of a significant economic player. Mexico, with its upcoming presidential election, and South Africa, facing potential political shifts, underscore the interconnectedness of political and economic forces. Market risks in these nations are tethered to government spending, currency stability, and potential shifts in economic policies. In the United States, the anticipation of a Trump-Biden rematch injects a unique set of uncertainties. Beyond the electoral drama, the heated rhetoric and the risk of social unrest could rattle investors. USChina tensions, a recurring theme, gain prominence, with the possibility of higher tariffs affecting global currencies and stocks. Britain, poll-bound by the year-end, grapples with economic stagnation and tight fiscal budgets.
The opposition’s plans for tax cuts, changes in planning rules, and closer ties with the EU post-Brexit introduce a new set of variables for markets to digest. Venezuela’s political landscape, marked by election controversies and the lifting of certain sanctions, poses a unique set of risks. The potential reinstatement of sanctions could disrupt the nation’s already distressed stocks and bonds. The intersection of politics and markets has never been more intricate. The ballot box, it seems, holds more than just votes; it holds the keys to market dynamics.
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