Friday marked the one-year anniversary of Russia’s invasion of Ukraine. This war continues to impact not only the geopolitical landscape but also the global economy. Today is not only a focus on what has happened but what could happen and whether is there an end in our future anytime soon.
Jake Sullivan comes the closest to the Full Ginsburg with appearances on This Week, Meet the Press, and State of the Union to discuss the state of the Ukraine war one year in.
Other notable appearances:
- Former Secretary of State Condoleezza Rice will appear on Face the Nation
- Potential GOP presidential nominee and current South Carolina Senator, Tim Scott, will appear on Fox News Sunday
Economic Impact. It is important to remember the ongoing impact the war is having on the global economy. In the FOMC minutes released this week, the war was noted as a continued drag on the global economy “Foreign economic growth slowed in the fourth quarter, weighed down by the COVID-19-related slowdown in China and repercussions of Russia’s war against Ukraine”
Ukraine’s Economy. Joesph Politano at Apricitas Economics has a great breakdown of the economic devastation that Ukraine has experienced during this war…
- Accounting for the loss of territory and population, preliminary data suggests that Ukraine’s real gross domestic product shrank by more than 30% in 2022, with IMF staff forecasts expecting the country’s total output losses to exceed 40% before any significant recovery begins. That’s despite the significant amount of financial, economic, and military support given to Ukraine by foreign governments and individuals throughout the year
SUNDAY READS:
And on that note hope you are enjoying your weekend and never forget; nuns don’t work on Sunday.