Key political events have the power to reshape the world economy. Since India remains deeply entwined in the global economic landscape, significant international events have the potential to impact India’s economic and political position in the future.
With President Donald Trump at the helm of the US, the relationship of the US with the rest of the world is changing, especially with China, Russia and West Asia. Analysts are watching how China responds as the US evaluates its position with respect to Iran, North Korea and West Asia. Recent trends indicate that China will move to fill any leadership gaps left by the US in global politics.
China has not been hesitant in opposing US decisions and is expected to continue to do so. In early 2018, China is expected to oppose the move by the US to decertify the nuclear deal that President Barack Obama struck with Iran in 2015. China is likely to have the support of the EU and Russia, thus dividing global opinion on this issue.
Read more about the political events that could shape the world economy here.
