Those responsible for every critical service need to review their Year 2000 plans to be sure they will be compliant in a timely manner so that, among other obvious reasons, the financial services industry can rely on them.
In our baseline scenario, the impact of the war will depress economic growth. Yet it is unlikely to derail the recovery. Nonetheless, in the present situation of extraordinary uncertainty, more adverse scenarios also 1/3  BIS central bankers' speeches  have to be considered. In our latest Monthly Report, we published a macroeconomic simulation exercise.