After a year of big surprises – led by Russia’s invasion of Ukraine, the global spike in inflation rates, and the collapse of cryptocurrency ventures – what kind of year will 2023 prove to be?
This kind of short-run question is hard to answer, because repercussions of events spread so quickly and unpredictably across our globalised world. But the last 12 months highlighted one major trend that will shape what happens next, in 2023 and beyond: the decline of Russia.
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Project Syndicate
Simon Johnson, a former chief economist at the International Monetary Fund, is a professor at MIT’s Sloan School of Management.
