It is difficult to say definitively whether or not the world economy is in a state of “permacrisis.” However, it is clear that the global economy has faced a number of significant challenges in recent years, and it is likely that these challenges will continue in the future.
One of the main challenges facing the world economy is the ongoing COVID-19 pandemic, which has had a devastating impact on global trade, tourism, and economic activity. The pandemic has led to widespread job losses and economic downturns in many countries, and it has disrupted supply chains and disrupted global trade.
Another challenge facing the world economy is the increasing risk of trade tensions and protectionist measures. In recent years, there has been a rise in tensions between major economic powers, with countries imposing tariffs and other trade barriers on each other’s goods and services. This has led to economic uncertainty and volatility, and it has the potential to disrupt global trade and economic growth.
In addition, the world economy is facing the challenge of climate change, which is having a major impact on natural systems and the global economy. The increasing frequency and severity of natural disasters, such as floods, hurricanes, and wildfires, is disrupting economic activity and causing significant damage to infrastructure and other assets.
Finally, the world economy is facing the challenge of rising inequality, with many people around the world struggling to afford basic necessities and access economic opportunities. This has led to social unrest and political instability in many countries, and it has the potential to disrupt economic growth and stability.
Overall, while it is difficult to predict the future of the global economy, it is clear that it is facing a number of significant challenges that will need to be addressed in order to ensure long-term stability and prosperity.