Economists are often accused of being pessimists because negative narratives tend to sound smarter and more thoughtful. However, Fathom’s Global Outlook, Summer 2024 stands out as one of our most optimistic quarterly forecasts yet, without any sacrifice of depth. The purpose of this note is to provide a detailed background to our latest scenarios, including their theoretical foundations. The post-pandemic economic landscape is a break with the immediate past, reviving long-dormant risks and reminding us of some lessons that may…