Investing in global markets in the backdrop of the Russia-Ukraine war
Investing in global markets in the backdrop of the Russia-Ukraine war
The US provides exposure to an interesting matrix of growth vectors ranging from artificial intelligence, consumer technology, Internet of Things, 5G, Metaverse and Cloud, to healthcare, athleisure, fitness and wellness, electric vehicles and digital transformation.
Russia’s February 24 invasion of neighbouring Ukraine and sanctions imposed on Moscow by the United States and its allies have triggered concerns about the impact of the conflict on international trade and the global economy.
For perspective, let us take a look at some factual data. With a Gross Domestic Product (GDP) of around $1.7 trillion, Russia is the world’s 11th largest economy.
According to the Observatory of Economic Complexity, a data platform, Russian exports were worth $330 billion and imports $220 billion in 2020. While these look like big numbers, to put them in context, total global trade in 2021 was worth $28.5 trillion. Russian exports are around 1% of global trade and imports are even smaller.
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