Central banks rank geopolitics as leading global risk
A survey of 100 central banks shows 70 percent view geopolitics as the top risk. Confidence in US bonds fell while interest in gold reserves continues to grow.
Central banks managing more than $9.5 trillion in global reserves have identified geopolitical tensions as the preeminent risk to the world economy, according to a new industry survey. The study, conducted by Central Banking Publications between January and March, reveals a dramatic shift in the priorities of nearly 100 institutions as global instability mounts.
Almost 70% of the surveyed banks now rank geopolitics as their primary concern, a significant increase from the 35% recorded in 2024. This surge in anxiety has displaced trade protectionism as the leading threat. The heightened concern follows a period of intense international friction, including military actions in Iran and a diplomatic dispute between the United States and Denmark regarding Greenland.
