how the Russian invasion could derail the fragile world economy
- Written by Steve Schifferes, Honorary Research Fellow, City Political Economy Research Centre; Professor of Financial Journalism, 2009-2017, City, University of London
The invasion of Ukraine comes at a delicate time for the world economy, which was just beginning to recover from the ravages of COVID. Russia’s war could now have far-reaching economic consequences, as financial markets tumble and the price of oil soars.
A worrying comparison can even be made to the 1973 Yom Kippur war in the Middle East,...
