Shocks, Crises, and False Alarms : Harvard Business Review Press : 9781647825409 : 1647825407 : 09 Jul 2024 : "a fresh, thorough and practicable book for anyone who wants to sharpen their macroeconomic judgment, structured in an easily accessible and insightful manner. It offers an invaluable framework to better understand growth, the financial sector and the key trends shaping the global economy." - Financial Times An essential new guide to navigating macroeconomic risk. The shocks and crises of recent years-pandemic, recession, inflation, war-have forced executives and investors to recognize that the macroeconomy is now a risk to be actively managed. Yet unreliable forecasting, pervasive doomsaying, and whipsawing data severely hamper the task of decoding the landscape. Are disruptions transient and ephemeral-or permanent and structural? False alarms are costly traps, but so are true structural changes that go undetected. How can leaders avoid these macro traps to make better tact