It is the upcoming Chinese and Indian economies that are likely to sap money away from the Western hemisphere, as their consumers are starting to get richer and demanding ever more products that they've seen enjoyed elsewhere. While supply can increase to meet demand, I have a feeling that we will be competing for fewer and fewer resources as we are quite a wasteful species. I hope inflation continues to go down and it mostly seems to be driven by wars at the moment, if we were able to find more peace in the world then we could be even more productive. Hopefully the Ukraine war on the edge of Europe is resolved with an acceptable solution for both sides, as long as it is not simply appeasement because that doesn't work. Russia and Ukraine are big producers of raw products, so China is actually capitalizing massively since those markets are committed to war.
The impact of the Russia-Ukraine war has diverted commodity flows (energy and food) and strengthened some ties (Russia-China/India), while reducing Ukraine's direct trade role to specific markets, impacting commodity inflation and regional/global supply chains.
The consolidation of Russia-Asia relations in the coming months will be significant. If sanctions continue, Russia will further strengthen energy and trade ties with China and India. The common thread between China, India, Russia, and Ukraine is now more determined by energy and food than traditional manufacturing. The war and sanctions are accelerating market reallocation, with Russia moving closer to Asia (China and India) for energy and commodities, while Ukraine's production capacity is under pressure despite remaining a key global food source.
The ultimate macroeconomic impact is commodity inflation pressures, supply chain risks, and geopolitical shifts that require diversification and resilience policies from countries with national interests in the four countries mentioned above.
I agree with the sanctions on Russia this is only setting a new trade route s for Russia as Asia is now the next destination for Russia because this is another avenue for countries like north, China and even India to capitalize on the situation and strengthen their ties with Russia.
Western economic problems may not be solved so soon because the west has always been a prey that has been feeding on smaller countries which that tide is changing that is why we are even seeing these types of war going on because they have their ways of using Small countries like Ukraine achieve their aim