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

1 Like 0 Dislike
Previous news Next news
Other news

Great news for India, crude oil reserves found in the Andaman Sea! Dependence on other countries will end.

Union Petroleum Minister Hardeep Singh Puri has said that a large reserve of crude oil and gas ha

Zubeen Garg's Last Rites: Zubeen Garg was given a final farewell with state honours, with Guwahati's streets jammed with people.

The news of "Ya Ali" singer Zubin Garg's death shocked everyone. According to reports, Zubin Garg

All flights to the Middle East canceled: Many airlines decided Israel-Lebanon tension; See list

Keeping in mind the safety of passengers amid the ongoing tension in the Middle East, many major

Modi 3.0: The world has accepted that PM Narendra Modi's third term is rare, coalition is a big challenge for the government

By taking oath as the Prime Minister, Narendra Modi has joined the ranks of those few leaders of

Jyoti Malhotra: Another revelation... Jyoti met the young man who brought a cake to the embassy after the Pahalgam attack in Pakistan.

With the emergence of another video related to YouTuber Jyoti Malhotra, who was caught on charges

New law: New startups can get relaxation in rules in Data Protection Bill, Ministry considering reforms

The government is considering giving relaxation of certain rules for startups starting their busi

Defense Purchase Council approves purchase proposals worth Rs 84,328 crore for the armed forces

In a major step towards strengthening the indigenous defense sector, the Defense Ministry has app

Petrol-diesel prices did not increase because of Modi: Jaishankar said in the G-20 meeting – Government will also reduce inflation

External Affairs Minister S Jaishankar on Sunday (February 26) said that the main concern of the

'Impose President's rule in Bengal...', Mithun Chakraborty opened the front against Mamata; and demanded the Centre to send an army.

The situation in West Bengal has gone out of control since the passing of the Waqf Amendment Act.

Indian captain's strategy against Pakistan: We will be relaxed... and will focus on the target

T20 World Cup has started in Australia. Three days later, on 23 October, Team India will start th

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash