A protracted war with territorial stalemate and the worst commodity price impact already behind us
This seems to be the consensus expectation; it might also be an admission that the future is too difficult to predict
We take a stab at listing the major upheavals that have passed and the shocks that may lie ahead
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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").
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