World Risk Developments May 2023

In this month's edition of World Risk Developments, we review the following economic and political forces shaping the world:

• US—Polarised debt ceiling debate has economic and financial costs
• China—Cyclical upturn could fade as structural challenges persist
• World—Likely El Niño to exacerbate manifold costs of climate change
• Australia—AI adoption creates benefits and challenges for businesses
• Thailand—Election win for pro-democracy opposition fuels uncertainty
• Australia—Global FDI declines as Australia invests more in Asia
  

Cassandra Winzenried, Chief Economist
Cassandra.Winzenried@exportfinance.gov.au 

Matthew Circosta, Senior Economist
Matthew.Circosta@exportfinance.gov.au 

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