You might have thought that with thousands of Russian troops lined up on the Ukraine frontier and certain warnings from the U.S. State Department of an imminent invasion, despite the enormous human cost, markets would have taken Thursday’s attack in stride.
But as we’ve seen, for a world economy already in a state of considerable turmoil, there is a big difference between thinking something is likely to happen and it actually happening.
“Putin’s War Will Shake the World,” said a headline in London’s Financial Times a few hours after Russian troops had launched their full-scale onslaught on their smaller neighbour. The Economist magazine forecast higher
