Fifth, there is a serious risk that the current conflict in Ukraine will lead to Cold War II – and possibly even a hot war if Russia invades the east of the country. The economic consequences of such an outcome – owing to its impact on energy supplies and investment flows, in addition to the destruction of lives and physical capital – would be immense.
第五，当前的乌克兰冲突很有可能导致第二次冷战——如果俄罗斯入侵乌克兰东部，甚至有爆发热战争的可能。这一结果的经济后果将十分严重，因为会影响到能源供给和投资流，并且造成生命和实体资本破坏。