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

Former Iraq president named UN refugee chief

Kosovo takes in migrants deported by US: PM

Putin meets Iranian President in Ashgabat

Russia’s central bank says EU plans to use its assets illegal

Putin: UN continues to maintain global balance of interests

Tokayev warns Caspian shallowing could become irreversible

Fidan: Europe should help Ukraine make tough decisions

World leaders lay wreath at Monument of Neutrality - Video

Armenia, Azerbaijan carry out site-inspection at Zod gold mine

Ukraine targets Russian oil refinery with drones - Video

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