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Key Takeaways

Highest-ranking US officials yet visit Kyiv, where they pledge to reopen the US embassy and supply fresh arms. Indonesia unexpectedly bans the export of palm oil, of which it is the world’s largest exporter, sending prices soaring. Shanghai tightens COVID-19 lockdowns, while fears of restrictions prompt panic buying in Beijing. Analysis: Uneven Recovery: African Economic Outlooks Post-COVID. Analysis: Ukraine War Update: Diplomatic Missions Re-Open, Russian Economic Data Goes Dark, Machinery of War Quickens.

Condition Updates

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

Analysis: Uneven Recovery: African Economic Outlooks Post-COVID

As COVID-19 spread across the globe in 2020, government-imposed lockdowns to mitigate the virus’ spread caused a global economic contraction. While rising vaccination rates and declining case numbers have allowed for some economic recovery in parts of the globe, African prospects for growth in 2022 remain mixed.

Analysis: Ukraine War Update: Diplomatic Missions Re-Open, Russian Economic Data Goes Dark, Machinery of War Quickens.

Speaking from Kyiv, Secretary of Defense Austin said, "We want to see Russia weakened to the degree that it can't do the kinds of things that it has done in invading Ukraine."

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