An end to the war in Ukraine would fundamentally change the economic outlook for Russia and Ukraine, but a lot would depend on the nature of any peace agreement. A deal that involves large-scale sanctions relief for Russia would be the most positive for its financial markets and growth outlook, although we still wouldn’t expect a complete reset in US-Russia relations. A deal that lacks adequate security guarantees for Ukraine would likely hold back the country’s reconstruction significantly and limit the potential to unlock much faster rates of GDP growth in the future.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services