Economic and financial risks mean exposure to losses due to unexpected market fluctuations, especially currency exchange rate fluctuations that affect cash flows, profits, and asset values in the future. It also means exposure to long-term strategic risks that affect competitiveness. The US economy in 2026 is likely to face what is known as a 'boomcession', i.e., economic growth accompanied by a slowdown in hiring. The manifestations of this will be: a bubble in consumer and household debt (not including housing debt) reaching record levels (around $5 trillion in 2025), fueled by borrowing via credit cards, in addition to an increase...
