Ukraine’s invasion of Russia is expected to have a modest impact on the US economy

Russia’s invasion of Ukraine could deal another blow to a US economy already expected to slow after a blockbuster in 2021, while pushing up oil prices and inflation and intensifying supply chain problems. ‘supply.

“We’re looking at stress through the lens of an economy recovering from COVID, global supply chains are really stressed and we have a high inflation environment,” says Gregory Daco, chief economist at EY-Parthenon. “Tensions will further fuel inflation and further stress supply chains.”

USA Today

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