The result of war in Ukraine heavily reduced global GDP growth predictions


British Economist magazine reports: This year’s forecasts have been heavily reduced.

The world’s GDP was expected to increase by 3.9% in 2022, after an increase in 2021. However, since the Russian invasion into Ukraine, the economic reverberations have since been felt across the world, a 1 trillion (in american dollars) reduction is estimated.

War has put pressure on global commodity prices, aggravated supply-chain disruptions and contributed to soaring inflation in much of the world…

Read more: https://www.economist.com/graphic-detail/2022/08/04/by-how-much-will-the-war-in-ukraine-reduce-global-growth

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