Last Friday marked one year since Russia’s invasion of Ukraine.
The geopolitical, energy and food ramifications that were triggered caused extreme concern around the world and threatened a global recession. Thankfully, our worst fears have not materialised.
Global growth has been impacted much less than we’d dare hope and it appears that technical recessions have been avoided in Europe, the UK, and the US thanks to China's reopening of its economy and Europe's pivot away from Russian gas.
In his latest strategy update, Guy examines these developments in further detail and outlines their implications for investment policy.