The resilience of the world economy is built on illusion - it's time the West woke up

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Record debt, a paralysed trade-dispute architecture and the normalisation of sovereign-asset seizure as a policy tool means fragility is baked into the global economic system Since 2022, a steady drumbeat of forecasts has warned that cascading military and political upheavals - war in Ukraine, conflict in the Middle East, an accelerating tariff war, the weaponisation of sanctions and the disruption of energy supplies - would eventually overwhelm the world economy’s capacity to absorb shocks. The