Weekly Economic Outlook 104 - Andrew Hilton's take on the global economy

Why you should watch: There's no getting away from the Ukraine conflict - but what matters this week is that US war aims appear to have changed, and to have widened. That is important - and uncomfortable for those who had hoped for a face-saving compromise. As far as the global economy is concerned, the priority still has to be inflation (not least because both the US and UK are set to increase interest rates again this week), but there are real fears about recession - and the possibility that the global equity bubble will finally go pop. Plus China's quixotic 'zero Covid' strategy is becoming a danger not just to Beijing, but to the global economy. As for the little fracas in the BVI, maybe it is just a storm in a Caribbean tea-cup - but it could be the start of a much tougher crackdown on tax havens more generally.

Andrew Hilton is the former director (and co-founder) of the CSFI. He is also an economic consultant, a former journalist and a former World Banker. He was educated in the UK (Oxford) and the US (Penn), has written a couple of books on emerging market debt, and likes to think of himself as 'mid-Atlantic' by temperament.

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