Economic recovery from Covid-19 threatened by geopolitical tension surrounding Ukraine

Signs of a slow recovery in manufacturing so far this year – which were in part being driven by improvements in production in Europe and Asia – may now be threatened by escalating geopolitical tension in Europe on the back of the Russia-Ukraine conflict and a simultaneous resurgence of the Covid-19 virus in China, research and consulting firm Frost & Sullivan consulting analyst Nomvo Kasolo said on March 17. “However, pockets of opportunity exist for markets that can fill the gaps in exports from Russia,” she noted.