In This Edition

Key Takeaways

Turkey threatens renewed military operations in Syria to create “safe zones.” Unusual outbreak of Monkeypox continues to spread in Europe and Asia. The EU plans to start jointly buying gas before winter, to build a buffer against further energy supply shocks. Analysis: The Future of Housing: Cooling but Still-Tight Market to Impact Tech, RTO, and Urban Recovery. Analysis: Ukraine War Update: Ukraine Defense Contact Group Expands, Russian Reorientation to China Floated, Severodonetsk and Lysychansk Pummeled.

Condition Updates

A rundown of important global risk developments in markets, in business, and region by region.

Analysis: The Future of Housing: Cooling but Still-Tight Market to Impact Tech, RTO, and Urban Recovery

After two years of a white-hot housing market, experts are at last predicting that the summer of 2022 could see sales slowing as higher interest rates and inflation suppress demand and new home construction boosts inventory. However, while prices are expected to slow their rapid rise, costs remain historically high, keeping home ownership difficult for many Americans and potentially stymying return-to-office and urban recovery plans, while exacerbating perceptions of economic hardship amid high inflation.

Analysis: Ukraine War Update: Ukraine Defense Contact Group Expands, Russian Reorientation to China Floated, Severodonetsk and Lysychansk Pummeled

The US hosted the second meeting of the Ukraine Defense Contact Group, convening more than 40 ministers and chiefs of defense, with 20 countries announcing new security assistance packages, and many donating critically needed artillery ammunition and coastal defense systems and tanks and other armored vehicles. Others came forward with new commitments for training Ukraine's forces and sustaining its military systems.

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