The Russian invasion of Ukraine has generated substantial uncertainty on the back of pandemic-related supply chain disruptions and rising inflation around the world.
The economic fallout from these factors is undeniable. China recorded its slowest rate of economic growth since the COVID-19 pandemic in the second quarter of 2022; the U.K. economy is stagnating; and the European Union is almost certainly headed towards recession, especially with Russia further cutting its energy supply from 40% to 20% of total capacity.
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