Global Outlook: Key impacts for the EU on Russia’s invasion of Ukraine

In EIU’s latest global outlook video, global forecasting director, Agathe Demarais, and Europe senior analyst, Agnese Ortolani, discuss Russia’s invasion of Ukraine and its key political, economic and geopolitical implications for Europe.

Russia’s invasion of Ukraine has upended the region’s economic and political outlook. The direct effects of Western sanctions on European economies will be limited, but prolonged uncertainty will drag on investment and consumption. In addition, a spike in global commodity prices will add to already high inflation and supply-chain disruptions, weighing on growth in 2022.

“Europe is also exposed to the risk of a gas-supply squeeze from Russia in retaliation for sanctions, a massive influx of refugees from Ukraine, increased financial market volatility and further disruptions to trade”.

AGNESE ORTOLANI, EUROPE SENIOR ANALYST, EIU.

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