Macro Briefing: 12 May 2022

* Finland’s prime minister and persident announce support for joining NATO
* Will a prolonged Ukraine war and its economic fallout strain Western resolve?
* China’s economic slowdown is creating headwinds around the world
* China sticks with costly ‘zero Covid’ policy despite economic costs
* UK economy contracts in March as consumers reduce spending
* Bitcoin tumble continues, falling below $27,000 in early Thursday trading
* US annual consumer inflation eases in April but still near 40-year high:

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