Why geopolitics means a lot more for the economy than it used to

David Woo says one of the biggest shifts is a move to a multipolar world. (Image: Getty)

Mon, 29 Apr 2024

Finance geeks watch the markets, but not many follow every battle in Ukraine. Former Bank of America research head David Woo does both. Woo – a former head of global interest rates, foreign exchange, emerging market fixed income and economics research at Bank of America – is a known contrarian and says geopolitics lies at the heart of major shifts in the economy right now. “Just trading business cycles is going to get you nowhere,” he says when I spoke to him. New Zealanders are good at emergencies. Give u...

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