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De-globalization or Re-globalization? Fallout from the Russian Invasion of Ukraine

Coming hard on the heels of the U.S.-China trade war and in the midst of the Covid-19 pandemic, Russia’s invasion of Ukraine is adding to the factors threatening to drive globalization into reverse. How do recent developments compound the stress on global trade, supply chains, and cross-border financial flows? Which regions, countries, and industries are most at risk? At a roundtable hosted at the Bloomberg New Economy Gateway Latin America, our Trade Council members discussed Bloomberg Economics’ research and analysis forecasting the impact of China’s Covid Zero lockdowns on global GDP in 2022, as detailed in this article, “Age of Scarcity Begins With $1.6 Trillion Hit to World Economy.”



The Bloomberg New Economy Trade Council seeks to understand how to navigate a global trade network increasingly complicated by proliferating ESG risks—from geopolitical tensions to the climate transition—and redesign our global supply chains to be more resilient while benefiting workers, consumers, and the planet. Learn more about our Council’s work in 2021, which analyzed the impact of COVID-19 and the U.S.-China decoupling on global supply chains.


The Trade Council’s Research Partner, Bloomberg Economics, offers a comprehensive macroeconomic research service for Bloomberg Terminal subscribers. That includes rigorous, original thematic research, supporting detailed economic forecasts. 

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