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Ukraine: how the Russian invasion could derail the fragile world economy

By Steve Schifferes, Honorary Research Fellow, City Political Economy Research Centre; Professor of Financial Journalism, 2009-2017, City, University of London

The invasion of Ukraine comes at a delicate time for the world economy, which was just beginning to recover from the ravages of COVID. Russia’s war could now have far-reaching economic consequences, as financial markets tumble and the price of oil soars.

A worrying comparison can even be made…

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