Why hasn't the global economy completely collapsed?

The global economy appears precariously balanced on the edge of instability. According to ABC News analyst Laura Tingle, one reason broader economic risks aren't dominating headlines is that the Trump administration's erratic diplomatic negotiations keep grabbing attention instead. The real story involves critical vulnerabilities: disruptions to oil flows through the Strait of Hormuz, rising tensions with Iran, and fragile financial markets. Tingle suggests that while political chaos distracts, the underlying economic fragility remains unresolved.

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