Jean-Pierre Lehmann is Emeritus Professor of International Political Economy at IMD, Switzerland, Founder of The Evian Group, and Visiting Professor at Hong Kong University and NIIT University in Neemrana Rajasthan.
Nearly three months after Russia launched its invasion, Western countries appear more committed than ever to Ukraine’s defense, and, in some quarters, to Russia’s defeat. We asked PS commentators what outcome the West, Russia, and Ukrainians themselves can realistically expect.
While some economic indicators suggest that the recovery remains on track, others show that consumers may be stalling out, and that households and businesses are becoming increasingly pessimistic. The US Federal Reserve will have to respond more nimbly to economic softening than it did to strengthening in 2021.
urges the Federal Reserve to keep its options open as it tries to restore price stability.