What's Going to Happen in the Next 12-18 Months?

There's a lot of uncertainty, and so i don't think we're in a position to tell them what's going to happen. Tighter economic conditions have some very direct and predictable consequences. The war on ukraine is forcing a rethink on certain foreign policy positions that a variety of eu. countries have taken. Europe will continue to be a very important part of the global economy but there's a greater chance of economic headwinds slowing down economic activity in europe than there is in the us.