The resilience of the world economy is built on illusion - it's time the West woke up

The global economy has weathered major shocks since 2022—including war in Ukraine, Middle East conflict, and tariff escalation—through adaptive mechanisms like rerouted trade and diversified energy supplies, according to IMF officials and recent data. However, this resilience masks fragility: central banks have shifted $365 trillion in global debt while reducing dollar reserves and accumulating record gold holdings, a direct response to Washington's seizure of Russia's central bank assets during the Ukraine invasion. Economists warn that mounting public debt projected to reach 110 percent of global GDP by 2029 leaves little fiscal room to absorb future shocks, making current stability difficult to sustain.