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 the population will have enduring consequences....

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Bibliographic Details
Main Author: Guenette, Justin Damien (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C The World Bank 2022
Series:Policy Notes
Subjects:
Online Access:Volltext
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
Physical Description:1 Online-Ressource
DOI:10.1596/37372