'Months when decades happen' put an end to post-pandemic expansion dreams

Uncertainty and volatility return

The Cold War is over, but the old rancour has not died.

In the past month, we have seen Russia launch a full-blown invasion of Ukraine. Whether this is the result of, an increased sense of security threatened by NATO's expansion, a dreary pandemic sparking existential fear for a leader in isolation, or a combination of both these factors, it is hard to imagine a conclusion to the war in Ukraine which will not have far reaching negative implications.  Numbing economic sanctions imposed on Russia, the delivery of arms to the government of Ukraine to stiffen resistance, and the remilitarization of Europe all indicate that there is no turning ...