05/27/2022 – The US, China, Europe as well as many emerging economies are facing slowing growth for different reasons and with varying intensity. The accumulation of geopolitical, economic and inflationary pressures is driving the global economy toward recession. At the center of this deceleration is the Ukraine war, which has imposed high humanitarian and material costs and sharply accelerated inflation in such key basic needs as energy supplies and food.

Read more in the Macroeconomic Comment by Peter von Elten.