Jonathan Vanian and Nick Lichtenberg
Fortune, Feb. 24, 2022
“… there are three major ways that the worst military crisis in Europe since World War II is negatively impacting the world economy already.”
Russia’s invasion of Ukraine is already introducing more uncertainty into a global economy sick of an uncertain future.
Indeed, stock markets around the world tanked after Russian President Vladimir Putin invaded Ukraine, underscoring rising concerns that a prolonged war will wreak havoc on the economic system. For instance, shares in tech giants Apple and Microsoft dropped on news of the war, a bad sign considering that those titans are generally considered to be bellwether companies.
Still, it’s unlikely the world economy will stoop to the sudden, shocking lows from the onset of the COVID-19 pandemic, when investors panicked over the sudden halting of global supply chains and a deadly virus for which the populace, at the time, lacked preventive vaccines.
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