Expect higher inflation, lower growth and some disruption to financial markets
OVER THE past decade intensifying geopolitical risk has been a constant feature of world politics, yet the world economy and financial markets have shrugged it off. From the contest between China and America to the rise of populist rulers in Latin America and tensions in the Middle East, firms and investors have carried on regardless, judging that the economic consequences will be contained.
This article appeared in the Finance & economics section of the print edition under the headline “The economic fallout”
From the February 26th 2022 edition
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