THE IMPACT OF THE WAR IN UKRAINE ON THE GLOBAL ECONOMY

The war in Ukraine has had a significant impact on the global economy, causing a slowdown in growth, increased inflation and greater uncertainty.

The war has disrupted supply chains, leading to product shortages and price increases. In addition, economic sanctions imposed on Russia have affected energy and raw materials exports, contributing to rising prices.

As a result of these factors, the International Monetary Fund (IMF) has reduced its global growth forecast for 2023 from 3.6%20 to 2.9. The IMF has also warned that the war could cause a recession in Europe.

The impact of the war on the global economy is uneven. The poorest and most vulnerable countries are the most affected, as they depend on food and energy imports from Russia and Ukraine.

Developed countries are also being affected by the war, but to a lesser extent. However, rising energy and food prices are putting pressure on public budgets and families.

The future of the global economy is uncertain, but the war in Ukraine is one factor that could cause a prolonged economic slowdown.

Keywords: war in Ukraine, global economy, economic growth, inflation, supply chains, economic sanctions