The possibility of a geopolitical crisis in the Taiwan Strait is one of the uncertainties facing the world economy.
Trade & economyThe Trade and economic effects of a Chinese invasion of Taiwan could easily exceed those of Russia’s invasion of Ukraine.
The economies of China and Taiwan are much larger than those of Russia and Ukraine (China’s economy is about 10 times larger than Russia’s, and Taiwan’s is about 4 times larger than Ukraine’s), and the exposure of the US economy to China and...