UP

Axar.Az Logo

AZ RU EN آذ فا
Sabah suffer 4-1 defeat to Viking
Erdogan sends greetings to Aliyev and Azerbaijani people
Democrats secure control of both chambers of Congress

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
Share
See also

Erdogan sends greetings to Aliyev and Azerbaijani people

Democrats secure control of both chambers of Congress

Georgia's EU accession process remains de facto halted

Trump extends US national emergency over Iran

France braces for mass protests on November 5

Trump weighs Hegseth's future after Republican losses

Iran claims victory over Trump after US election losses

Vance blames Iran war for Republican defeats in US midterms

Putin: Russia poses no threat and seeks cooperation

Herzog condemns racist rhetoric against Arab community

Latest
TERMS OF USEAll rights reserved. When using a material link is required. When using the material on the internet pages of the corresponding transition is required.

COMMUNICATION WITH US Baku city, Binagadi district, street S.S.Akhundov
(+994 12) 464-61-74, 464-61-75, 464-61-76
[email protected]
For reklam: [email protected]

www.axar.az - 2026
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla