Just when you thought, “It surely can’t get any worse,” you look at the updated World Uncertainty Index (*) data and realize, “Yes, it can!”
Uncertainty (as reported by companies around the world) has just shattered its own ceiling and is now a whopping two times higher than during the pandemic.
(*) The World Uncertainty Index (WUI) is a quantitative measure of economic and political uncertainty across 143 countries on a quarterly basis. It was developed by Hites Ahir (International Monetary Fund), Nicholas Bloom (Stanford University), and Davide Furceri (International Monetary Fund).
