Are developed economies really following a single path?

For a long time, people habitually regarded "developed economies" as a whole, as if they moved in unison. But recent data has shattered this illusion.

Analysis by the Financial Times indicates that a deep economic divide is quietly widening. The trajectory of the US economy has diverged significantly from that of other developed countries — this is not a short-term fluctuation, but a systemic divergence.

What does this mean? Simply put, the traditional "synchronous development of developed economies" is now outdated. The global economic landscape is being reshaped, with different regions and policy choices leading to vastly different outcomes. For asset allocators, this divergence itself presents both opportunities and risks.