Risks From Within and Abroad

For the first time in decades, the 2025 World Economic Forum forecasted that state-based armed conflict would be the top global risk this year. And this appears to be true—war in Israel and Gaza, Israel and Iran, and the third year of the Ukrainian/Russian war. The risks associated with these “out of control” incidents centered in the middle of Asia impact the global economy and challenge the best planning by business leaders. The constant distraction of NATO and the EU imperils the best of us and certainly is not a magnet toward prosperity.