Trend · rank 22 of 250

Slow growth & fiscal space

Weak productivity and lower trend growth are slowing revenue relative to established spending commitments, narrowing fiscal choices and sharpening disputes over who bears the cost of adjustment.

Financial StrengthMoney & debtdebt financepoliticsinequality

Second pass: Carried forward from the first pass, where it was Economic stagnation. Held by all three panel models.

Sensitivity and network position

Rank
22of 250
Sensitivity
27.5rank 6
Breadth
2of 20 scenarios High or above
PageRank
53.6rank 38
Eigenvector
12.5
Betweenness
15.6
Links
14trends at Moderate similarity or above
Composite
41.4

Attention over three years

How much this trend is read about on Wikipedia and searched for on Google, week by week, set against the typical trend in the list so that what moves every trend at once is taken out. 100 is this trend's own three-year average. The score measures public attention, which is not the same as the strength of the force: a trend can deepen unnoticed, and a news event can lift attention for a fortnight.

Share of attention
0.26%rank 109 of 250 · a year earlier 0.23%
Now
90
Over a year
+8%Steady
Over three years
−17%
Peak
13922 Sept 2024
Sources
Bothagreement 0.42
Coverage
9languages · 56 nations

Trailing 4-week average. 100 is this trend’s three-year average.

By language

Wikipedia reading in each language edition where the trend’s pages are read enough to measure (9 of 28). Share is of all the readers counted.

LanguageShareNowOver a yearThree years
English70%102+25%
German13%98+15%
Japanese4%72−30%
French3%98−6%
Italian3%97+23%
Spanish3%88+37%
Russian1%111+17%
Chinese1%147+64%
Vietnamese1%86+3%

By country

Google search interest over the three years, as a share of each country’s searching. 100 is the nation where interest is highest. The search terms are English, which favours countries that search in English.

The 12 highest of 56 nations with a reading. All countries (CSV).

By region and G20 member

Attention to this trend inside each place, from Google searches made in its countries and Wikipedia reading in the languages mostly read there, averaged where both exist. Each line compares the trend with its own past in that place; the lines do not compare places.

Regions

PlaceRead fromNow90 days1 year3 yearsThree years
North AmericaGoogle in 2 countries + Wikipedia in English89−1%−2%−20%
EuropeGoogle in 5 countries + Wikipedia in German, French, Italian92−16%+6%−14%
Indo-PacificGoogle in 6 countries + Wikipedia in Japanese, Chinese, Vietnamese103+14%+16%+4%
South AsiaGoogle in 2 countries85−33%+5%−19%
AfricaGoogle in 2 countries200+155%+279%+97%
Latin America and CaribbeanGoogle in 1 country + Wikipedia in Spanish89+22%+5%−30%
Russia and EurasiaWikipedia in Russian111−28%+17%−2%

G20 members

PlaceRead fromNow90 days1 year3 yearsThree years
AustraliaGoogle107+19%−10%+25%
BrazilGoogle90−1%−14%−19%
CanadaGoogle77−4%−47%−25%
FranceGoogle + Wikipedia in French80−31%−25%+4%
GermanyGoogle + Wikipedia in German94−17%+3%−14%
IndiaGoogle71−38%−23%−37%
ItalyGoogle + Wikipedia in Italian88−8%+13%−34%
JapanWikipedia in Japanese72+50%−30%−31%
South KoreaGoogle103+31%+10%−16%
RussiaWikipedia in Russian111−28%+17%−2%
South AfricaGoogle349+603%+567%+306%
United KingdomGoogle60−16%−18%−46%
United StatesGoogle + Wikipedia in English89−1%+7%−22%

Share of attention by region

GINC Share of Attention: this trend's share of all the public attention the trends in the list draw, worldwide and in each region, week by week (a 4-week average). Each place is read from the Wikipedia languages mostly read there and Google searching in its countries; where a place's language is shared with others, as English is, Google stands alone.

PlaceShare, last 13 weeksRank thereA year earlierRead from
World0.26%109 of 2500.23%Wikipedia reading in all 28 languages, and Google searching worldwide
Asia Pacific0.13%169 of 2500.12%Wikipedia reading in the region's own languages, not English; Google searching in 15 countries, not China
Europe0.16%148 of 2500.17%German, French, Italian, Polish, Dutch and Swedish reading; Google searching in 10 countries, the UK among them
Africa0.29%71 of 2500.37%Google searching in 7 countries; Afrikaans and Swahili reading reaches too few trends to count
South America0.12%169 of 2500.10%Spanish and Portuguese reading, Spanish also read in Spain; Google searching in 5 countries
North America0.57%43 of 2490.58%Google searching in the United States, Canada and Mexico; English reading cannot be split by country
Oceania0.75%36 of 2490.70%Google searching in Australia and New Zealand; English reading cannot be split by country
United States0.83%31 of 2490.72%Google searching; English reading cannot be split by country
United Kingdom0.53%39 of 2490.47%Google searching; English reading cannot be split by country
India0.35%49 of 2490.18%Google searching; Hindi, Bengali and Tamil reading reaches too few trends to count, and English cannot be split by country
China···Wikipedia and Google are blocked in China; no open source counts reading there
Russia0.03%200 of 2030.03%Russian reading, which is also done across the former Soviet states; Google's figures for Russia cannot be bought
Japan0.07%204 of 2500.07%Japanese reading and Google searching
Germany0.19%130 of 2500.23%German reading and Google searching
France0.10%159 of 2500.16%French reading, also done in Africa and Canada, and Google searching
Italy0.24%93 of 2500.24%Italian reading and Google searching
South Korea0.10%160 of 2500.09%Korean reading and Google searching
Indonesia0.04%161 of 2500.03%Google searching; Indonesian reading reaches too few trends to count
Brazil0.15%132 of 2500.14%Portuguese reading and Google searching
Türkiye0.00%152 of 2500.00%Google searching; Turkish reading reaches too few trends to count

Relation to each scenario

A trend relates to a scenario when it changes how likely the scenario is, how hard it lands, or is itself sharply changed by it. Each score is the median of three scores given separately by the members of the model panel.

RelationScenarioFamily
4 · HighA global funding seizure reaches sovereign balance sheets S02Economic and trade
4 · HighAn AI deployment step causes abrupt labour displacement S08Technology and infrastructure
3 · ModerateA major disaster disables the national economic core S07Energy, climate and resources
3 · ModerateA novel respiratory pathogen exceeds health surge capacity S10Health
3 · ModerateA creditor agreement releases fiscal capacity S11 ↗Economic and trade
3 · ModerateAI-directed research produces a reproducible discovery step S17 ↗Technology and infrastructure
2 · LowTwo breadbasket failures trigger a food availability crisis S06Energy, climate and resources
2 · LowA cross-regional market access compact redirects investment S12 ↗Economic and trade
2 · LowA public service platform reaches inclusive operation S18 ↗Technology and infrastructure
2 · LowAffordable preventive treatments reduce chronic illness S19 ↗Health
1 · Very lowCritical trade divides into rival blocs S01Economic and trade
1 · Very lowA regional war closes a globally important sea route S03Geopolitical and security
1 · Very lowHybrid coercion ends in an infrastructure blackout S04Geopolitical and security
1 · Very lowA disputed transfer of power breaks effective government S05Geopolitical and security
1 · Very lowCheap firm clean power becomes available at scale S15 ↗Energy, climate and resources
0 · Not relatedA cryptographic breakthrough invalidates digital trust S09Technology and infrastructure
0 · Not relatedA great-power agreement lowers economic security barriers S13 ↗Geopolitical and security
0 · Not relatedA verified Middle East settlement restores access S14 ↗Geopolitical and security
0 · Not relatedA validated farming package raises water-efficient output S16 ↗Energy, climate and resources
0 · Not relatedA live outbreak proves rapid distributed pandemic defence S20 ↗Health

Similarity = 0.3 × shared tags (Jaccard) + 0.3 × likeness of scenario profiles (cosine) + 0.3 × likeness of names and descriptions (TF-IDF cosine) + 0.1 if in the same capability domain, cut into seven levels at 0.12, 0.22, 0.33, 0.45, 0.58, 0.72. Shown at Moderate and above.

SimilarityTrendThemeRank
4 · HighSovereign debt & interest burdenMoney & debt12
4 · HighFiscal rules & budget credibilityState capacity & governance17
4 · HighStructural inflation pressureMoney & debt76
4 · HighHousehold debt & housing affordabilityMoney & debt156
3 · ModerateConcessional finance scarcityMoney & debt32
3 · ModerateTax base erosion & coordinationMoney & debt41
3 · ModerateExternal liquidity buffer requirementsMoney & debt46
3 · ModerateDomestic capital market deepeningMoney & debt55
3 · ModerateCapital concentration in AIAI, compute & quantum67
3 · ModerateNon-bank finance growthMoney & debt82
3 · ModerateInternational climate finance gapsMoney & debt129
3 · ModerateStretched asset valuationsMoney & debt157
3 · ModerateRemittance dependenceMoney & debt195
3 · ModerateAge-related fiscal liabilitiesMoney & debt206