Understanding True Macroeconomic Risk

In an interview with Bloomberg’s Masters in Business podcast , BCG’s Global Chief Economist, Philipp Carlsson-Szlezak , explains how economies can navigate periods of uncertainty amid macroeconomic shocks. Based on his recent book , he asserts that an overreliance on “master model mentality” overlooks the complexities of macroeconomic relationships and distracts from the bigger picture. Instead of approaching economics like a natural science, Carlsson-Szlezak suggests that “what we need are much more narrative-based, judgment-based, more eclectic approaches to reading the landscape.”