As many as 1.7 billion people are ‘highly exposed’ to the war’s affects, report warns
ថ្ងៃព្រហស្បតិ៍ ១៣កើត ខែចេត្រ ឆ្នាំខាល ចត្វាស័ក ព.ស.២៥៦៥ ត្រូវនឹងថ្ងៃទី១៥ ខែមេសា គ.ស.២០២២
Thursday the 13th Waxing Moon of Citta B.E.2565 equivalent to April 14, A.D.2022 Year of the Tiger
Fox News
Russia’s invasion of Ukraine appears to have set off a “perfect storm,” sparking multiple crises across the globe in the areas of food, energy, and debt, with devastating impacts for developing countries, the United Nations warned in a report Wednesday.
“The war in Ukraine, in all its dimensions, is producing alarming cascading effects to a world economy already battered by COVID-19 and climate change, with particularly dramatic impacts on developing countries,” the report warns. “Recent projections by UNCTAD [the United Nations Conference on Trade and Development] estimate that the world economy will be a full percentage point of GDP growth lower than expected due to the war, which is severely disrupting already tight food, energy, and financial markets.”
The report describes this disruption as a “perfect storm,” coming “on the brink of a global debt crisis.”
Ukraine and Russia provide around 30% of the world’s wheat and barley, around 20% of its maize, and more than half of its sunflower oil. Russia is the world’s top natural gas exporter and the second-largest oil exporter. Russia and its neighbor Belarus together export about 20% of the world’s fertilizers.