Trend · rank 17 of 250

Fiscal rules & budget credibility

Higher debt and financing costs are increasing scrutiny of budget plans, making borrowing terms and the scope for crisis response depend on realistic forecasts, transparent accounts and independent fiscal institutions.

Governance & IntegrityState capacity & governancedebt financeinstitutionspolitics

Second pass: Carried forward from the first pass unchanged. Held by all three panel models.

Sensitivity and network position

Rank
17of 250
Sensitivity
20.8rank 23
Breadth
2of 20 scenarios High or above
PageRank
72.5rank 11
Eigenvector
74.0
Betweenness
20.0
Links
21trends at Moderate similarity or above
Composite
49.0

Attention over three years

How much this trend is read about on Wikipedia and searched for on Google, week by week, set against the typical trend in the list so that what moves every trend at once is taken out. 100 is this trend's own three-year average. The score measures public attention, which is not the same as the strength of the force: a trend can deepen unnoticed, and a news event can lift attention for a fortnight.

Now
97
Over a year
+10%Steady
Over three years
+2%
Peak
2002 Mar 2025
Sources
Bothagreement 0.28
Coverage
4languages · 58 nations

Trailing 4-week average. 100 is this trend’s three-year average.

By language

Wikipedia reading in each language edition where the trend’s pages are read enough to measure (4 of 28). Share is of all the readers counted.

LanguageShareNowOver a yearThree years
German46%53+5%
English42%94+2%
Italian8%98+75%
French3%161+61%

By country

Google search interest over the three years, as a share of each country’s searching. 100 is the nation where interest is highest. The search terms are English, which favours countries that search in English.

Singapore

United States

Nigeria

Canada

United Kingdom

China

South Korea

Ghana

Nepal

Netherlands

Australia

Kenya

100

93

67

60

60

56

56

48

46

42

40

40

The 12 highest of 58 nations with a reading.

By region and G20 member

Attention to this trend inside each place, from Google searches made in its countries and Wikipedia reading in the languages mostly read there, averaged where both exist. Each line compares the trend with its own past in that place; the lines do not compare places.

Regions

PlaceRead fromNow90 days1 year3 yearsThree years
North AmericaGoogle in 2 countries + Wikipedia in English89−8%+2%−11%
EuropeGoogle in 4 countries + Wikipedia in German, French, Italian86−25%+55%−35%
Indo-PacificGoogle in 1 country128−16%+33%+263%
South AsiaGoogle in 1 country81−11%+16%−14%

G20 members

PlaceRead fromNow90 days1 year3 yearsThree years
AustraliaGoogle128−16%+33%+263%
CanadaGoogle101−14%+24%+47%
FranceGoogle + Wikipedia in French123−16%+29%+132%
GermanyGoogle + Wikipedia in German49+5%+39%−74%
IndiaGoogle81−11%+16%−14%
ItalyGoogle + Wikipedia in Italian113−41%+182%−10%
United KingdomGoogle116−8%+57%+64%
United StatesGoogle + Wikipedia in English86−7%−2%−20%

Relation to each scenario

A trend relates to a scenario when it changes how likely the scenario is, how hard it lands, or is itself sharply changed by it. Each score is the median of three scores given separately by the members of the model panel.

RelationScenarioFamily
5 · Very highA global funding seizure reaches sovereign balance sheets S02Economic and trade
4 · HighA creditor agreement releases fiscal capacity S11 ↗Economic and trade
3 · ModerateAn AI deployment step causes abrupt labour displacement S08Technology and infrastructure
2 · LowA disputed transfer of power breaks effective government S05Geopolitical and security
2 · LowA major disaster disables the national economic core S07Energy, climate and resources
2 · LowCheap firm clean power becomes available at scale S15 ↗Energy, climate and resources
1 · Very lowA regional war closes a globally important sea route S03Geopolitical and security
1 · Very lowHybrid coercion ends in an infrastructure blackout S04Geopolitical and security
1 · Very lowTwo breadbasket failures trigger a food availability crisis S06Energy, climate and resources
1 · Very lowA novel respiratory pathogen exceeds health surge capacity S10Health
1 · Very lowA verified Middle East settlement restores access S14 ↗Geopolitical and security
1 · Very lowA public service platform reaches inclusive operation S18 ↗Technology and infrastructure
1 · Very lowAffordable preventive treatments reduce chronic illness S19 ↗Health
0 · Not relatedCritical trade divides into rival blocs S01Economic and trade
0 · Not relatedA cryptographic breakthrough invalidates digital trust S09Technology and infrastructure
0 · Not relatedA cross-regional market access compact redirects investment S12 ↗Economic and trade
0 · Not relatedA great-power agreement lowers economic security barriers S13 ↗Geopolitical and security
0 · Not relatedA validated farming package raises water-efficient output S16 ↗Energy, climate and resources
0 · Not relatedAI-directed research produces a reproducible discovery step S17 ↗Technology and infrastructure
0 · Not relatedA live outbreak proves rapid distributed pandemic defence S20 ↗Health

Similarity = 0.3 × shared tags (Jaccard) + 0.3 × likeness of scenario profiles (cosine) + 0.3 × likeness of names and descriptions (TF-IDF cosine) + 0.1 if in the same capability domain, cut into seven levels at 0.12, 0.22, 0.33, 0.45, 0.58, 0.72. Shown at Moderate and above.

SimilarityTrendThemeRank
5 · Very highSovereign debt & interest burdenMoney & debt12
5 · Very highCentral bank independence under pressureState capacity & governance64
4 · HighState capacity & deliveryState capacity & governance1
4 · HighRule of law & judicial independenceState capacity & governance3
4 · HighExecutive overreach & emergency powersState capacity & governance4
4 · HighCorruption & state captureState capacity & governance5
4 · HighRegulatory capture & lobbying powerState capacity & governance8
4 · HighPolarisation & populismState capacity & governance15
4 · HighIllicit finance & beneficial ownershipState capacity & governance20
4 · HighOfficial statistics & data capacityState capacity & governance21
4 · HighSlow growth & fiscal spaceMoney & debt22
4 · HighCivil unrest & protest mobilisationState capacity & governance25
3 · ModerateCivil service capability & payState capacity & governance2
3 · ModerateSocial protection coverage gapsState capacity & governance13
3 · ModerateErosion of rights & civic freedomsState capacity & governance14
3 · ModerateOutsourcing & public-private deliveryState capacity & governance27
3 · ModerateTax base erosion & coordinationMoney & debt41
3 · ModerateDomestic capital market deepeningMoney & debt55
3 · ModerateCitizen participation & deliberative democracyState capacity & governance60
3 · ModerateNon-bank finance growthMoney & debt82
3 · ModerateSovereign creditor fragmentationMoney & debt88