The State of the Economy: Prior to the Russian-Ukrainian War, The Sands of the Economy Were Shifting

Constant evolution often makes both economics and risk management disquieting. Even before the Russian invastion of Ukraine, the combination of expected slower economic growth, persistent inflation above central bank targets, equity market volatility, and the initiation of monetary policy tightening had already created tensions in the financial marketplace.

Economic Growth Risk

For economic growth, two leading indicators have been hinting that the pace of economic growth will…