Understanding the Perma Crisis

The concept of a 'perma crisis' describes an ongoing series of significant global disruptions that erode both human and financial resilience, making recovery increasingly challenging. Evidence suggests that, over the past couple of years, these crises have not only persisted but have intensified, indicating that societies are struggling to regain stability. To navigate out of this state, key areas to address include fostering sustainable economic growth, learning from past policy mistakes, and enhancing global policy coordination. Without addressing these foundational issues, regions may find it difficult to reconcile competing interests and achieve lasting progress.