CIO Office Market Update - April 2022

CIO Office Market Update

The war in Ukraine continues, with little visibility on its likely duration and outcome. Economic policy uncertainties have started to decline, while uncertainty regarding economic outcomes has increased. It is now clear that sanctions imposed on Russia are unlikely to be reversed for the foreseeable future. Similarly, the damage to infrastructure in Ukraine makes it unlikely that the country’s export industries can resume operations even if the war were to end tomorrow.