Current geopolitical signal: shift from multilateral to bilateral/unilateral power structure. Historically associated with late-cycle great power conflict. Affects: trade flows, currency blocs, commodity pricing, defense spending, sanctions regimes.
Current geopolitical signal: shift from multilateral to bilateral/unilateral power structure. Historically associated with late-cycle great power conflict. Affects: trade flows, currency blocs, commodity pricing, defense spending, sanctions regimes.