Implications of the War in Ukraine for the Global Economy
The war in Ukraine is causing an enormous humanitarian crisis. More than 12 million people are estimated to have been displaced and more than 13 million need urgent humanitarian assistance. Ukraine’s economy is being devastated. Trauma suffered by...
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| Language: | English |
| Published: |
Washington, DC: World Bank
2022
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/099616504292238906/IDU00bdb5a770659b04adf09e600a2874f25479d http://hdl.handle.net/10986/37372 |
| Summary: | The war in Ukraine is causing an
enormous humanitarian crisis. More than 12 million people
are estimated to have been displaced and more than 13
million need urgent humanitarian assistance. Ukraine’s
economy is being devastated. Trauma suffered by the
population will have enduring consequences. The war is
triggering global ripple effects through multiple channels,
including commodity markets, trade, financial flows,
displaced people, and market confidence. In the surrounding
region, a large wave of refugees will put pressure on basic
services. The damage to Russia’s economy will weigh on
remittance flows to many neighboring countries. Disruptions
to regional supply chains and financial networks, as well as
heightened investor risk perceptions, will weaken regional growth |
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