Post
Topic
Board Economics
Re: The impact of war on global economy.
by
MarjorieZimmermanGinger
on 03/06/2024, 15:08:25 UTC
1. Increase in the national GDP is least likely to be caused by a war.
2. Oil is considered the most crucial resource in modern warfare.
3. War affects the stock market by causing a decline in stock prices.
The supply of any goods will stop when war occurs and the result will be a shortage. The increase in GDP was definitely reduced because the country was facing war and needed any resources for the process. Modern wars require oil to operate machines and without certain oils, certain weapons cannot be run so that certain countries will experience defeat.

Stocks are out of control because the country is busy dealing with war and the stock market will experience great pressure for instability. Even when Covid occurs, all sectors have an impact, even though this happens, it is not much bigger than war and we can imagine that when war occurs it will be much more dangerous.

What do you guys think? Is this true or false?
There is truth and it really affects the increase in GDP, oil and the stock market because war can kill all important aspects and these three concepts require maturation in war conditions which are definitely very disturbed.