Post
Topic
Board Economics
Re: The impact of Russian and Ukrain war on world economy
by
harapan
on 21/12/2022, 07:22:58 UTC
...what is your thinking about the collapsing of world economy with highing inflation.
It's a difficult situation, but not to the extent of collapsing the world economy.
The lingering war would have lasting effects, as it was unexpected and many countries who were heavily dependent on either Russia or Ukraine got hit hard, and it would take a while, but they would recover and adjust.

The lockdown crisis is also a factor in the falling economies and would also take a while to recover from.

Not to the collapsing of world economy totally I mean here but many countries economy dropping with high rise of the inflation because things increased as the war continue. If this continue to happen it will get into recession and some countries will want bail out from international community and countries.

But the lockdown was already over and prices dropped if I am correct

Since Russia and Ukraine are big exporters around the world the price of oil and wheat increased since they couldn't supply like they use to do.
That was advantage for other countries that exports the same product because of so much profit they will earn they will have to increase the price higher.