IVCA Feature: Startling Geo-Economic Issues Upcoming in 2024

November 1, 2023

Right after Halloween, the day reserved for the more unnerving elements in the atmosphere, the economic flow of worldwide markets are dealing with their own frights. What are the issues upcoming in 2024 that could affect the geo-financial world? The online media has weighed in, and offers the following.

Bloomberg.com, ’Wider War in Middle East Could Tip the World Economy Into Recession

Like Middle East wars of the past, the conflict between Israel and Hamas that broke out this past week has the potential to disrupt the world economy — and even tip it into recession if more countries are drawn in.

READ MORE: https://www.bloomberg.com/news/features/2023-10-12/israel-hamas-war-impact-could-tip-global-economy-into-recession

Bookings.edu, The Israel and Gaza war: Economic Repercussions

The repercussions of the crisis are dependent on the extent and duration of the fighting, associated geopolitical tensions, and the possible occurrence of terrorist attacks. While the overall reaction of financial markets has been relatively muted so far, the risks of an intensification and broadening of the conflict are material, and their potential fallout could be severe, especially for countries in the region.

READ MORE: https://www.brookings.edu/articles/the-israel-and-gaza-war-economic-repercussions/

CNN.com, ’How Israel’s Vital Tech Sector is Navigating the War

Israel’s vast tech sector has seen its fair share of crises, from financial downturns and the Covid-19 pandemic to periodic flare-ups in the Israeli-Palestinian conflict. Each time, the industry has bounced back, demonstrating why the country of just 9 million people is known as the world’s “startup nation.”

READ MORE: https://www.cnn.com/2023/10/13/tech/israel-tech-sector-impact-hamas-war/index.html

UBS.com, ’Early expectations for the 2024 election

A comprehensive economic overview of the upcoming campaign season: “The new deadline for the enactment of a federal budget has been pushed to 17 November. The CR passed both chambers on a bipartisan basis but omitted additional money for border protection and aid for Ukraine, which remain contentious policy issues. The campaign season is underway, but deferral of final action on the budget will preoccupy members of Congress for another month.” (INCLUDES VODCAST)

READ MORE: https://www.ubs.com/us/en/wealth-management/insights/investment-research/us-elections/2023/early-expectations.html

BCG.com, ’M&A Set to Pick Up in 2024 Despite Ongoing Headwinds

Over the past year, M&A dealmakers have confronted their most prolonged challenges since the 2008–2009 financial crisis. Rising interest rates, geopolitical tensions, and recession fears contributed to a sustained downturn in deal activity that bottomed out in the first quarter of 2023.

READ MORE: https://www.bcg.com/press/26october2023-m-a-pick-up-2024-despite-headwinds

AXIOS.com, ’California will Require VC Firms to Report Founder Diversity Statistics

California Gov. Gavin Newsom on October 7th, 2023, signed into a law a bill that will require covered VC firms to annually report on founder diversity demographics for companies in which they invest, beginning in 2025. It applies to the vast majority of U.S. venture firms, including those not headquartered in California.That’s because covered firms include those whose portfolio companies are based in, or have significant operations in the state, plus firms that solicit or receive fund commitments from California residents.

READ MORE: https://www.axios.com/2023/10/10/california-venture-capital-report-diversity-founders

YouTube.com – American Program Bureau (APB), ’Hot Take on A.I., Economy, and the 2024 Election

Acclaimed for his bold prediction that Europe’s turn to austerity would end badly (it did) and then predicting (very early) both Donald Trump’s victory and Brexit, Brown University professor Mark Blyth continues to pinpoint the key forces that shape our economic futures.

WATCH HERE (10 MINUTES): https://youtu.be/pbmybHjbof0?si=k86U17cVDtkYmk02

SAVE THE DATE! The IVCA Annual Awards Dinner, presented by Kirkland & Ellis LLP, is set for December 4th, 2023, at the Four Seasons Hotel in Chicago. For info and updates, click here.

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