Now in Full Crises. This is huge problem and it is getting worse each day.
Ukraine, which was recently downgraded to Europe's lowest CCC+ rating, which itself is a lagging indicator has seen industrial production plummet 34.1% in January while its inflation rate of 20.9% the highest in Europe. ZH still believes the biggest threat to the global economy is the domino default effect which will likely start in the Ukraine or one of its neighboring countries
This would cause all manner of very bad things to happen.
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