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.
What do you guys think? Is this true or false?
I think war is a bad thing as war destroys any country. If a war breaks out in a country then the GDP will never increase in that country but will decrease. War has a detrimental effect on the citizens of that country even on the economy of that country.
We can mention the war between Ukraine and Russia as a small example of this. Ukraine has suffered so much due to the war between Russia and Ukraine that we have seen one of our forum members asking for donations here to help with ambulances in Ukrainian hospitals and help the people of that country. Maybe because of the war in Ukraine, their economic situation, GDP has suffered greatly and their capital market has also suffered. Which has an impact on the citizens of their country. In war-torn countries, poor citizens suffer the most.
Wars are always detrimental to both parties to the conflict, whatever the loss, such as facilities, access, economy and even deaths that cannot be blocked, this is certain and it is very detrimental in my opinion.
Not only the poor in my opinion, but everyone also suffers, the level of suffering I think it can not be normalized as a social standard, because if a rich person who is also affected by war such as his business or family is equally suffering, the war in Ukraine also affects the global economy both from petroleum trade which is getting more expensive because it is the material to continue the war and also some conditions that may be forced because of other needs such as people are afraid to export their oil because there is a war so that supplies are depleted and prices increase.
Even in my country, which is far away from the conflict but is affected by it, petroleum is expensive and we have to buy it at a high price too, and that causes some goods to be expensive because distributors need fuel to deliver all commodities to their consumers.