Post
Topic
Board Economics
Re: The impact of Russian and Ukrain war on world economy
by
evader11
on 25/04/2023, 21:58:23 UTC
The world economy is getting royally screwed by the war between Russia and Ukraine. We got a major oil supply shortage going on, and that's causing prices to skyrocket. It's an awful situation that needs an immediate and robust response from the global community. The only problem? Nobody wants to play nice these days. Every country is busy looking out for numero uno, and cooperation is a thing of the past. To make things worse, some countries are making the war even worse to meet their strategic goals. We gotta hold those bozos accountable for their actions. We need to rally the international community to take swift and decisive action against war-crazed countries. We gotta rethink our economic policies and start focusing on sustainable growth and development. If we don't step up now, we'll be dooming the world economy, and future generations will be stuck with our mess.


Global trade that was still recovering from pandemic. Food prices have soared, since Russia and Ukraine are major suppliers of wheat and sunflower oil, and Russia is the world's top fertilizer producer. Between this two country's war other European countries is facing such and such problems for millions of people less directly affected, the sudden shattering of Europe's peace has brought uncertainty and anxiety. Shocked
It is undeniable that the continuous hostilities between Russia and Ukraine have had a major effect on trade, notably on the availability and costs of certain goods like wheat, sunflower oil, and fertilizers. These products are mostly produced and exported by Russia and Ukraine, whose conflict has disrupted supply chains and raised prices and shortages.