The rapid-fire succession of crises over the past few years — the Covid-19 pandemic, accelerating climate disasters, Russia’s invasion of Ukraine, geopolitical tensions, and a full-blown cost-of-living crisis — feels unprecedented. Yet historical parallels do exist for this type of compressed global upheaval, even if the specifics differ this time around.
My colleagues at the McKinsey Global Institute recently released a fascinating analysis that offers a way to think about what is unfolding today and what may come out of it.
