Russia-Ukraine War: The economies of the whole world will have to pay a big price in 2023 for the Russia-Ukraine war!

Posted on 26th Sep 2022 06:13 pm by rohit kumar

Russia-Ukraine War Impact: The year 2023 is going to be very challenging for the economies of the whole world. The global economy may have to bear the big brunt of the Russia-Ukraine war in 2023. In its report in the OECD, it has been said that the economy of the whole world may have to bear a bigger loss in 2023 than what was estimated about the effects of Russia's war in Ukraine.

 

Paris-based organization OECD (Organization for Economic Co-operation and Development) has released a report titled Paying the Price of War, in which it has been said that due to inflation, people are already on their daily routine. The burden of inflation was increasing. On top of that, the Russo-Ukraine war added to the pressure of inflation.

 

The OECD said the Covid outbreak is still impacting the global economy while rising interest rates have hit growth as central banks scramble to crack down on inflation. The report said that many signs are taking a worse form and the crisis in the global growth outlook is deepening.

 

Also Read: Protests against Putin in 38 Russian cities: Police dragged and beat female protesters; More than 1,300 people in custody

Other news

Bharat Jodo Yatra: On the 36th day of the Bharat Jodo Yatra, Rahul Gandhi begins his foot march from Bomagondanahalli

Today is the 36th day of Congress leader Rahul Gandhi's India Jodo Yatra. On Thursday, he started

Petrol ran out at pumps in Pakistan, situation was worse than worst in Punjab; 70 out of 450 pumps were dry in Lahore

Most of the petrol pumps in Pakistan's Punjab region have run out of petrol, throwing people's da

Russia-Ukraine war: Ukraine gets new heavy tanks, conflict with Russia will intensify

The ongoing war between Russia and Ukraine has not yielded any results yet. How long this struggl

Milk Price Hike: Inflation shock on festivals, Amul increases by two rupees on full cream milk, will have to pay such a price

Inflation has hit hard during the festive season. On Saturday, India's renowned dairy company Amu

Rafale Deal: Five parts being manufactured at Dassault-Reliance's Nagpur plant, will be added to Rafale jet

Five Rafale components are being manufactured at the Dassault Reliance Aerospace plant in Nagpur

Trump's stance softens on Tariff War! Relief for Mexico and Canada, exemption from tariff till April 2

US President Donald Trump announced Thursday that the 25 percent tariff on most goods imported fr

Joe Biden got confused on the stage, and forgot to get off, a lot of jokes is being made

US President Joe Biden has once again been embarrassed on the public stage. He was seen getting c

Annapoorani: Protest against 'Annapurani' due to controversial dialogue, producers issued a statement

An allegation has been filed against the makers of South actress Nayanthara's film 'Annapurnani'

Naval Power: Is China's naval power now more than America's? Sensational disclosure of American official

Amid growing tension in the world, the US Navy has raised the concern of western countries by say

Elvish Yadav: 'Felt very sad to see', Prince Narula expressed grief over the firing incident outside Elvish's house

There is reportedly a rift between Elvish Yadav and Prince Narula. Many times, news of difference