Needless to say the news over the past few weeks has been awful. Speaking with some Ukrainian friends whose family and friends are suffering and unable to leave their cities only brings the situation that much closer. Geopolitical trouble is always a tail risk for investors, but thankfully one that does not come to fruition often across developed markets. Unfortunately, that is not the case today.
We discussed the Ukraine situation several weeks ago in Economics Weekly, and this week we delve a little further into some of the potential implications in light of the escalation of hostilities.
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Richard de Chazal, CFA, is a London-based macroeconomist covering the U.S. economy and financial markets.