UP

The war in Ukraine could lead to a global recession

Home page World
12 Punto 14 Punto 16 Punto 18 Punto
The war in Ukraine could lead to a global recession

The Russia-Ukraine war and its impact on food and energy prices and fertilizers could lead to a global recession.

Axar.az reports the statement came from World Bank President David Malpass.

"If we look at global GDP, it's hard to understand how we can avoid a recession now," Malpass said.

He noted that the economies of Ukraine and Russia would shrink significantly, while growth will slow in Europe, China, and the United States.

"Developing countries have suffered the most from fertilizer, food, and energy shortages. A doubling of energy prices is enough for a recession.

Date
2022.05.26 / 14:12
Author
Zuleykha Aghasieva
See also

Ukrainian F-16 fighter jet crashes during combat mission

Fidan meets Hamas political bureau chief Hayye

Netanyahu presented Trump with Iran options

German airline resumes flights to Syria after 14 years

Zelensky in Poland as Kyiv-Warsaw seek reset

Kobakhidze orders government overhaul

Lutsenko: Greater Odesa under near blockade

Kazakhstan, U.S. discuss Tokayev's G20 Summit visit

Drone hits US gas tanker at Egyptian port - Video

Iraqi PM postpones Saudi visit after US-Saudi strikes

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla