The hit to stock markets from a potential Russian invasion of Ukraine would be worse than that seen after the annexation of Crimea in 2014, according to Goldman Sachs.
a, sparking international outcry and a wave of economic sanctions, and military experts have likened the extraordinary buildup of Russian forces at the Ukrainian border in recent weeks to that which preceded the previous invasion.
"Real GDP growth decelerated from 0.4% quarter-on-quarter in Q1 2014 to 0.2% in Q2 before rebounding to 0.5% QoQ in Q3. Of course, the temporary setback could be more pronounced this time." "Relative to all other factors that will shape the euro zone's economic performance this year , some losses in non-energy trade with Russia as a result of sanctions and counter sanctions would likely have an almost negligible impact on Europe's growth outlook beyond the next one or two months," he added.
An investor confidence index published Monday by British online stockbroker Hargreaves Lansdown showed sharp falls in investor confidence between January and February.
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