Post
Topic
Board Economics
Re: The impact of war on global economy.
by
Dimitri94
on 05/10/2023, 15:21:24 UTC
Normally war is a bad thing and it affects all aspect of man's life and that of their nation why because when there is war there is also economy crisis and it surely also affects the areas of your highlights. When there is war the neighboring country's enjoy the benefits of selling their ammunition and their cost prices changes over time to the higher in demand of them, including every other things in the country increases tremendously. This isn't a thing to pray for and we should try all our best to prevent and avoid war from resolute within both country's as both affected country could finds it very difficult to get back their normal ways of living because it will affect almost every other thing in the country.
Due to the war, almost all the countries of the world have a negative impact. I think the three things you mentioned were all affected by the war. Which country in the world has gained financial prosperity by the  war between Russia and Ukraine? Inflation increased all the country, oil prices have increased tremendously all over the world.
Every country is more or less affected. Bank reserves have started to decline, business has shown a contractionary trend. It has also affected the stock market. It goes without saying that people are not at peace in any way. People are now dismayed by the increase in the prices of daily necessities. Not only that, where the war is going on, people's public life is facing a more dire situation.