www.business-review.eu Business Review | May 2022
14 MAIN STORY
Ukraine conflict puts a damper on hopes of economic recovery Just as the global economy started to move steadily towards recovery from the covid-19 pandemic, there was another major systemic shock. Russia’s invasion of Ukraine marked a tectonic shift in geopolitical risk levels. Beyond triggering a horrific humanitarian crisis in Eastern Europe, the economic effects of the conflict and the associated sanctions will be felt across the world, slowing down growth while adding to the pre-existing inflationary pressures. By Anda Sebesi
