The global economy continues to be weakened by the war through significant disruptions in trade and food and fuel price shocks, all of which are contributing to high inflation and subsequent tightening in global financing conditions.... read more ›
The increased geopolitical risks induced by the Russian invasion of Ukraine will weigh adversely on global economic conditions throughout 2022. Such effects are estimated in our model to reduce GDP and boost inflation significantly, exacerbating the policy trade-offs facing central banks around the world.... continue reading ›
Since the second half of 2021, there has been a sharp hike in energy prices in the EU and worldwide. The price of fuels has further risen as a consequence of Russia's unprovoked and unjustified aggression against Ukraine, which has also led to concerns related to the security of energy supply in the EU.... read more ›
Putting aside the real human cost, the war also affects economic costs and inflation, it causes uncertainty, a rise in debt and disruption of normal economic activity among many other things.... read more ›
Besides raising the likelihood of market volatility, the war and sanctions are adding to inflationary pressures by disrupting exports of oil, natural gas, and wheat from Russia and Ukraine. The impacts of the conflict will likely vary depending on geography.... continue reading ›
The war in Ukraine has created the fastest displacement crisis in Europe since World War II. The majority of those displaced are women and children, who are always most at risk of exploitation and abuse during crises.... read more ›
Russia's GDP growth (year-on-year)
The chart shows that, in 2022, Russian GDP will drop by 5.5% according to the OECD, by 6% according to the IMF and by 8.9% according to the World Bank.... read more ›
Public debt and levels of taxation increased during most conflicts; • Consumption as a percent of GDP decreased during most conflicts; • Investment as a percent of GDP decreased during most conflicts; • Inflation increased during or as a direct consequence of these conflicts.... view details ›
In general, defense stocks (companies that produce weapons and armaments) tend to fare the best during a wartime environment. Energy companies may also see a boost in conflicts that result in higher oil and commodity prices.... read more ›
Ukraine and Russia account for about a third of the world's wheat and a quarter of barley production, not to mention some 75% of the sunflower oil supply — all critical commodities for keeping humans fed.... view details ›
In the long term, the war may fundamentally alter the global economic and geopolitical order should there be a reconfiguration of supply chains, fragmentation of payment networks, shift in energy trade and countries rethink reserve currency holdings, it said.... read more ›
War has a catastrophic effect on the health and well being of nations. Studies have shown that conflict situations cause more mortality and disability than any major disease. War destroys communities and families and often disrupts the development of the social and economic fabric of nations.... read more ›
Due to the start of the war and the sanctions imposed, direct supply chains with Russia and Ukraine, but also supply chains via Russia to Asia, have broken down. As a result, prices for many raw materials, energy, intermediate products and transportation services have increased significantly.... view details ›
Economy of Russia.
|GDP||$2.133 trillion (nominal, 2022 est.) $4.650 trillion (PPP, 2022 est.)|
|GDP rank||9th (nominal, 2022) 6th (PPP, 2022)|
COUNTERING THE COST-OF-LIVING CRISIS
Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic.... continue reading ›
- Improving the investment climate. ...
- Investing in infrastructure. ...
- Creating a more efficient goods market. ...
- Strengthening trade relationships. ...
- Supporting innovation.
The basic story with spending on a war, or any other military spending, is that it provides a boost to demand in the economy.... see details ›
Death, injury, sexual violence, malnutrition, illness, and disability are some of the most threatening physical consequences of war, while post-traumatic stress disorder (PTSD), depression, and anxiety are some of the emotional effects.... read more ›
Absent expansion into a broader conflict, we do not anticipate the war in Ukraine will cast the global economy back into recession.... continue reading ›
The war has now reshaped international energy costs on a global basis, helped create massive global food shortages, seriously damaged the entire Russian economy, and helped trigger a massive increase in the rate of inflation on a global level. The full military impact remains unclear.... continue reading ›
Russia's GDP growth (year-on-year)
The chart shows that, in 2022, Russian GDP will drop by 5.5% according to the OECD, by 6% according to the IMF and by 8.9% according to the World Bank.... see details ›
The economy of Russia has gradually transformed from a planned economy into a mixed market-oriented economy. It has enormous natural resources, particularly oil and natural gas. As of 2022, it is the fourth-largest economy in Europe, the world's ninth-largest economy by nominal GDP, and the sixth-largest by PPP.... view details ›