News Snapshot:
From reflation to recession in just a few months: 2022 began with hopes of a rebound in the global economy as pandemic fears receded, but the optimism was dashed early into the new year as Vladimir Putin’s invasion of Ukraine triggered the biggest land conflict in Europe since World War II — yet another black swan moment that fundamentally altered the global economic outlook. The overhang of the war continues to cloud the outlook for 2023, with elevated food and fuel prices threatening to upend the fight against inflation. Add to that worsening financial conditions in key economies, China’s uncertain...
