With a rapid evolution in global trade and economic policy comes a heightened sense of uncertainty over the outlook. The challenge facing institutional investors is twofold: rethinking forecasts for a new economic era, and managing risk—and unintended consequences—as trade policy takes a different course.

What risks and opportunities will emerge as deindustrialization takes hold?

How do investors navigate a world in which up is down and down is up? To begin to make sense of this universe of market paradoxes and conundrums, investors must wrap their heads around the dramatically shifting dynamics playing out between the world’s largest economies.