As the World Economic Forum publishes its latest Chief Economists Outlook, Maersk's Head of Macro & Market Insights Ilaria Maselli gives her view on the state of the global economy.

The closure of the Strait of Hormuz, "the aorta of global fossil fuel trade", is one of the "biggest crises" in the history of capitalism, with huge implications for economies around the world, Maselli says.

And we discuss how the impact of the Hormuz crisis compares to the shock that the COVID pandemic imposed on the world, in terms of economic growth and inflation.

Hosted by Robin Pomeroy; intertview by John Letzing

Links:

Chief Economists Outlook May 2026: https://www.weforum.org/publications/chief-economists-outlook-may-2026

Previous editions: https://www.weforum.org/publications/series/chief-economists-outlook/

Related podcasts:

The Iran oil shock: will it force the world to re-think the future of energy?: https://www.weforum.org/podcasts/radio-davos/episodes/oil-shocks-hormuz-iran-columbia-energy-exchange-jason-bordoff/

The rise of industrial policy - why governments are back in the business of business: https://www.weforum.org/podcasts/radio-davos/episodes/industrial-policy-trade-choke-points/

"Everything has changed" - Gita Gopinath on the global economy in 2026: https://www.weforum.org/podcasts/radio-davos/episodes/gita-gopinath-global-economy-2026/

Chief Economists' Outlook January 2026: reassuring resilience and a 'good' bubble?: https://www.weforum.org/podcasts/radio-davos/episodes/chief-economists-outlook-barclays-christian-keller/

Check out all our podcasts on wef.ch/podcasts:

YouTube: - https://www.youtube.com/@wef/podcasts

Radio Davos - subscribe: https://pod.link/1504682164

Meet the Leader - subscribe: https://pod.link/1534915560

Agenda Dialogues - subscribe: https://pod.link/1574956552

An Olympic runner who won his country's first gold medal, an entrepreneur making cooking stoves safer and cleaner in Africa, and a campaigner for women's economic and human rights.

What do all three have in common? They are among the new cohort of Young Global Leaders, a community of individuals working to solve some of the world's big challenges.

Hosts:

Robin Pomeroy, Ida Jeng Christensen, Head of the Forum of Young Global Leaders

Guests:

Charlot Magayi, Founder and Chief Executive Officer, Mukuru Clean Stoves

Kirani James, Olympic Athlete

Trisha Shetty, Founder and Chief Executive Officer, SheSays

Links:

The Forum of Young Global Leaders: https://www.younggloballeaders.org/home

Blog: Next Generation Leadership for a World in Transformation: Driving Dialogue and Action: https://www.weforum.org/publications/next-generation-leadership-for-a-world-in-transformation-driving-dialogue-and-action/

Mukuru Clean Stoves: https://mukurustoves.org/

Earthshot Prize: https://earthshotprize.org/winners-finalists/mukuru-clean-stoves/

Kirani James: https://www.kiranijames.com/

SheSays: https://weareshesays.com/

Related podcasts:

How leaders can fix focus and happiness in an AI Era: Psychologist Jonathan Haidt: https://www.weforum.org/podcasts/meet-the-leader/episodes/jonathan-haidt-happiness-focus-habits-ai/

What women's sports reveals about building future leaders: Deloitte's Lara Abrash: https://www.weforum.org/podcasts/meet-the-leader/episodes/womens-sports-leadership-skills-gender-gap/

Why one CEO sets 'non-goals' - and what ultramarathons taught him about focus and mental toughness: https://www.weforum.org/podcasts/meet-the-leader/episodes/nicholas-thompson-focus-running-ground/

Check out all our podcasts on wef.ch/podcasts:

YouTube: - https://www.youtube.com/@wef/podcasts

Radio Davos - subscribe: https://pod.link/1504682164

Meet the Leader - subscribe: https://pod.link/1534915560

Agenda Dialogues - subscribe: https://pod.link/1574956552

Katharine Hayhoe is a climate scientist and an evangelical Christian who lives in Texas and knows how to reach out to conservatives who might see climate change as a party political rather than a science-based issue.

Two years after she last spoke to Radio Davos, Prof Hayhoe assesses the rise of climate denialism, particularly on social media, but also the rising awareness of the issue caused by increasingly frequent extreme weather events around the world.

Links:

World Economic Forum Centre for Nature and Climate: https://initiatives.weforum.org/global-future-council-on-human-science-of-environmental-action/home

Global Future Council on Human Science of Environmental Action: https://initiatives.weforum.org/global-future-council-on-human-science-of-environmental-action/home

Katharine Hayhoe's website: https://katharinehayhoe.com/

Related podcasts:

The Iran oil shock: will it force the world to re-think the future of energy?: https://www.weforum.org/podcasts/radio-davos/episodes/oil-shocks-hormuz-iran-columbia-energy-exchange-jason-bordoff/

Climate science is clearer than ever. How should companies respond?: https://www.weforum.org/podcasts/radio-davos/episodes/climate-science-policy-business-response/

What's God got to do with it? The case for faith in an age of AI: https://www.weforum.org/podcasts/radio-davos/episodes/faith/

How to talk to a climate change sceptic: https://www.weforum.org/podcasts/radio-davos/episodes/climate-science-katharine-hayhoe/

Check out all our podcasts on wef.ch/podcasts:

YouTube: - https://www.youtube.com/@wef/podcasts

Radio Davos - subscribe: https://pod.link/1504682164

Meet the Leader - subscribe: https://pod.link/1534915560

Agenda Dialogues - subscribe: https://pod.link/1574956552