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

Ghalibaf: Iran at war on four fronts

Trump says no plans to send US troops into Iran

Death toll among Iranian security forces rises to 38

UK considers X ban in talks with allies

German Chancellor begins official visit to India

Trump warns Cuba: No more oil, money

Pezeshkian labels protesters as rioters and terrorists

Slovak PM calls for Kaja Kallas’ removal

Israel, Iran may partner after the Tehran regime falls

Charlie Hebdo caricature targets Iran’s leaders

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