The Bottom Line
·
SUBSCRIBERS

Western leaders must prepare public for a war economy

The cost of living crisis is likely to get worse before it gets better

Published Mon, May 2, 2022 · 01:24 PM
    • Things are likely to get worse; prices of energy, food and commodities could go up further. Photographer: Emilio Parra Doiztua/Bloomberg
    • Things are likely to get worse; prices of energy, food and commodities could go up further. Photographer: Emilio Parra Doiztua/Bloomberg Bloomberg

    MARTIN SANDBU

    THE expression is ugly and its content even uglier, but “Ukraine fatigue” is a real risk in Western democracies. Their citizens are repulsed by Vladimir Putin’s war of unprovoked aggression and are full of sympathy for the Ukrainian people. Their leaders have surprised even themselves with the strength of their support for Kyiv. But as things drag on, challenges closer to home could increasingly steal their attention.

    It is easy to see how the cost of living crisis, which is compounded by war and snarled-up supply chains, and which is probably already putting a chill on demand, could erode Western leaders’ focus on Ukraine.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Share with us your feedback on BT's products and services