How Russia’s invasion of Ukraine will affect the American economy

Russia’s invasion of Ukraine last week isn’t just an international story. It might also have deep impacts within the U.S., affecting economics and politics in an electorate that has started the year in a sour mood.

Last year should have sparked more joy among Americans. It was marked by big economic growth and low unemployment rates. But poll after poll shows Americans still feel the nation is struggling. And regardless of what’s driving those feelings — such as rising inflation or the unending Covid-19 saga — the mindset has gotten ahold of much of the nation at the moment.

Now, the fallout from Russia’s incursion into Ukraine — and the economic sanctions that followed — has the potential to turn the dour mood into something that looks more like anger as the midterm elections approach. CONTINUED

Dante Chinni, NBC News


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