As the World Economic Forum publishes its latest Chief Economists Outlook, Maersk's Head of Macro & Market Insights Ilaria Maselli gives her view on the state of the global economy.
The closure of the Strait of Hormuz, "the aorta of global fossil fuel trade", is one of the "biggest crises" in the history of capitalism, with huge implications for economies around the world, Maselli says.
And we discuss how the impact of the Hormuz crisis compares to the shock that the COVID pandemic imposed on the world, in terms of economic growth and inflation.
Hosted by Robin Pomeroy; interview by John Letzing
Links:
Chief Economists Outlook May 2026: https://www.weforum.org/publications/chief-economists-outlook-may-2026
Previous editions: https://www.weforum.org/publications/series/chief-economists-outlook/
Related podcasts:
The Iran oil shock: will it force the world to re-think the future of energy?: https://www.weforum.org/podcasts/radio-davos/episodes/oil-shocks-hormuz-iran-columbia-energy-exchange-jason-bordoff/
The rise of industrial policy - why governments are back in the business of business: https://www.weforum.org/podcasts/radio-davos/episodes/industrial-policy-trade-choke-points/
"Everything has changed" - Gita Gopinath on the global economy in 2026: https://www.weforum.org/podcasts/radio-davos/episodes/gita-gopinath-global-economy-2026/
Chief Economists' Outlook January 2026: reassuring resilience and a 'good' bubble?: https://www.weforum.org/podcasts/radio-davos/episodes/chief-economists-outlook-barclays-christian-keller/
Check out all our podcasts on wef.ch/podcasts:
YouTube: - https://www.youtube.com/@wef/podcasts
Radio Davos - subscribe: https://pod.link/1504682164
