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Russia’s Invasion: Economic Impact

Research & Strategy February 24, 2022
Research & Strategy February 24, 2022
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The immediate financial market response to Russia’s invasion into Ukraine was textbook risk aversion. What follows is less clear-cut. In this report, we look at the potential implications on North America’s economy and on monetary policy.


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Douglas Porter, CFA Chief Economist
Michael Gregory, CFA Managing Director, Deputy Chief Economist and Head of U.S. Economics
Benjamin Reitzes Managing Director, Canadian Rates & Macro Strategist
Robert Kavcic Director and Senior Economist

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