e v rvi u ll s I wi   01 When will the macroeconomic While people are busy fighting shocks of life settle down? personal financial fires, they’re also Many people believe the very systems through facing increasingly tangible effects which they run their lives are failing them, placing of climate change. responsibilities that were once shared solely on The record-breaking temperatures that roasted their shoulders. Workers whose income doesn’t Europe in the summer of 2022 are expected to rise in step with inflation are effectively taking pay become the norm by 2035, which will likely see cuts, and at the time of writing, daily headlines millions of people displaced by wildfires, flash shout about inflation rates and their impact on the 6,7 Asia will be hardest hit 2 floods, and storm damage. cost of goods, energy, and mortgage repayments. by rising sea levels, as six of its nations are home In Argentina, for example, interest rates have to approximately 75% of the 300 million people reached 75% and inflation is almost at 100%, while worldwide living in areas that are projected to be the UK’s energy crisis threatens to plunge a third of 8 households into fuel poverty and the cost of living below average coastal flood levels by 2050. 3,4,5 is increasing at its fastest rate in 40 years. Copyright © 2022 Accenture. All rights reserved. 4