ECONOMY
Issue #465
1 Oct 2025
Geopolitics intruded into the world of TA / HR a decade ago when Trump Tariff War 1.0 signalled that the era global integration was coming to a close. What replaces it seems to be ever increasing antagonism, to ever increasing number of opponents. India has been blasted for the past month, now we can expect Europe to get another dose when US reacts against another fine levelled by the EU at US big tech. Report from McKinsey on how CEO’s are thinking about all this. We recruiters have got to think about it also - how this ‘global macro’ impacts investment, headcount and the geographical distribution of human resources.