
Simon Says: War is not good for the economy, here or abroad
I have been asked over the past 10 days to provide an opinion on the impact of the Russia invasion of Ukraine on the local economy. I have struggled to say anything but the blindingly obvious: Oil prices will go up, and so therefore will gas prices! With a little reflection, here are my more considered thoughts: War is not good for the economy! Anyone who has seen the physical destruction in Ukraine, or followed the depreciation of the ruble, and subsequent hike in Russian interest rates, could not fail



