Macroeconomics

The two events that dominated 2022 have remained as determining factors in the last few weeks. On the one hand, there is the war in Ukraine, which continues to increase in destruction and brutality and, regrettably, the word ‘revenge’ is heard more and more often. Revenge is a bad basis for any solution that is not brought about militarily. This is bad news, even if many expect the war to end this year. Unfortunately, it is not the case that an end to the war will heal the wounds and that a stable peace can be expected.

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