Inflation has risen in the world, as well as food and energy prices have jumped.
World economics is in the worst condition for the last 80 years. One of the reasons for the sharp decline in the economy was the war unleashed by the Russian Federation against Ukraine.
This is discussed in the report. International Monetary Fund.
The COVID-19 pandemic and the threat of climate change as a result of global warming are also cited as the main reasons for the deterioration of the global economy. In this regard, the inflation rate, food and energy prices increased.
The Fund believes that the current economic crisis will cause the greatest harm to countries with the largest loans and companies that now need to build new supply chains. In addition, this crisis will affect all categories of the population without exception.
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As UNIAN previously reported, Russia, having unleashed a war against Ukraine, created a threat of mass starvation in the world. UN World Food Program chief David Beasley said: the world faces the problem of rising food pricesbut with issues around fertilizer and food production, “we may well have issues with food availability.”
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