5 Nouriel Roubini Predictions

2. Cyberwarfare and Geopolitical Risks: 2021-to-date 

Roubini is one of the economists that has warned of the risks posed by geopolitical tensions and cyberwarfare. In the aftermath of Russia invading Ukraine, it became clear how countries and other non-state actors might fight a war at different levels.

Cyberwarfare has become a thing, with state-sponsored culprits attacking other nations through cyberattacks. Reports of key U.S. infrastructure being attacked by actors sponsored by the Russian government have become common. China and the U.S. accusing each other of spying have exacerbated the tensions.

U.S. putting curbs on the technologies that Chinese companies can access has already triggered a similar reaction from Beijing. With fragmentation and decoupling a new norm between the two countries, they threaten to fuel significant economic risks, according to Roubini.

Likewise, Geopolitical tensions are slowly getting out of hand. Roubini predicts cyber warfare and geopolitical tensions could disrupt global financial markets and economies. Geopolitical tensions have already triggered one of the biggest crises on oil prices rallying to above $100 a barrel last year in the aftermath of Russia’s invasion of Ukraine.