Global democracy is changing and Hungary’s election may signal more than just a political shift — it could mark the beginning of a broader democratic rebound.

In this episode, I speak with Katherine Stewart about whether the world is moving out of a decade-long “democracy recession,” why Orbán’s defeat matters, and what it tells us about the resilience of democratic systems. We also explore the global implications — from Ukraine and Europe to rising political risk and shifting power dynamics worldwide.

Katherine Stewart is the Head of Impact Research at Economist Impact, part of The Economist Group.

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