The Breakdown of the Global Order: Carney Warns Australian Parliament

The global order is 'breaking down', former Bank of England Governor Mark Carney has warned in an address to the Australian parliament. Carney, who also served as the Governor of the Bank of Canada, called for closer cooperation between 'strategic cousins' Australia and Canada to navigate the challenges of the shifting geopolitical landscape.

In his speech, Carney highlighted the need for countries to work together in the face of rising economic and political uncertainty. 'The global order we've taken for granted for decades is now breaking down,' he said, citing the war in Ukraine, the COVID-19 pandemic, and the climate crisis as key drivers of this shift.

{{IMAGE_PLACEHOLDER}}