Ukraine War’s Impact On Trade And Development

An UNCTAD rapid assessment of the war in Ukraine’s impact on trade and development confirms a rapidly worsening outlook for the world economy, underpinned by rising food, fuel and fertilizer prices. The report also shows heightened financial volatility, sustainable development divestment, complex global supply chain reconfigurations and mounting trade costs. Read More Here

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Developing economies must act now to dampen the shocks from the Ukraine conflict

The war in Ukraine could not have come at a worse time for the global economy—when the recovery from the pandemic-induced contraction had begun to falter, inflation was surging, central banks in the world’s largest economies were gearing up to hike interest rates, and financial markets were gyrating over a formidable constellation of uncertainties. Read More Here

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