I look to it that the war affecting the economy of every country and with research about it , Al-Jazeera gave detail of how some countries is affected and if the war did not stop , more of the country will keep suffering. Russia is part of the biggest supplier in oil and the short suorpply is affecting the world. The war is affecting the europe countries hard because two countries in the war are two big supplies to europe. Russia cut supply of oil to euro and that affecting production, gas use. The Ukraine economy supply large amount of iron, steel, ore,stag and ash to the world and euro now in shortage include animal vegetable fats and oil to euro and the other countries.
This is hard time for economy to survive what is your thinking about the collapsing of world economy with highing inflation.
It's really hard to define how much impact the war is having, after all we were due for a proper recession if we exclude the randomness that was the Covid dip. There has definitely been a strong impact, Europe is a big contributor both to the global economy and a large buyer of things from places like China, so it has huge ripple effects if demand is being suppressed. Oil prices spiking is also a pretty reliable indicator that a recession will be coming soon after. All this has created some pretty wild inflation, it was hard to contain with just the after effects of the global pandemic but this war that Russia is waging on the edge of Europe has thrown all normality out the window. Russia has just cut off gas supplies and finally shown it's true face, that it is a useless trading partner and will have to sell it's primary source of income - natural resources - to other places and get a much lower price in return.