Interpreting Global Economic Uncertainty for Factoring Providers

As can clearly be seen on the chart, the Index has been rising since 2008 and it peaked in 2020 as the global COVID-19 pandemic began to ravage the globe. Even though it has fallen some, the war in Ukraine has caused a dramatic increase in the Index in 2022. ?

Their research also then looks at the frequency of the word “uncertainty” for each of the 5 key shocks (Brexit, American election, China trade issues, COVID-19 and the war in Ukraine) on an individual basis. I have only reproduced the most recent 2 (of 5) of these as I believe that they are still the most relevant forces impacting global uncertainty today, albeit for different reasons.

Thankfully, the deadly COVID-19 scourge appears to be behind us, but its’ economic impact remains a serious global problem today in the form of hyper-inflation, rapidly rising interest rates and economic malaise in almost every region and country in the world. The current conflict in Ukraine has also caused widespread economic turmoil due to supply chain issues, skyrocketing energy and food costs and geopolitical tussles over immigration, income equality and climate change concerns.?