Great Expectations

The best of times, the worst of times: offshore firms have seen it all before. So how are they helping clients to deal with hard times and prepare for better times ahead?

Russia’s war of aggression in Ukraine continues to overshadow the global economy, creating a significant drag on many investment and commercial decisions. Currently, there is no foreseeable end: both sides remain committed to the fight, making the prospect of a negotiated peace somewhat distant. According to the OECD, the war has been a “massive and historic energy shock” to the markets. Although wholesale energy prices have steadily eased in recent months, the protracted struggle has become a stalemate – at least for now – as inflation and the coordinated response to it become the main enemy of the markets.