Summary of the article Trade and supply chain disruptions due to accelerated inflation… Payment network fragmentation [Kharkiu = AP/Newsis] On the 13th, an apartment in Kharkiv, Ukraine, was destroyed by Russian shelling. 2022.03.14.
[LONDON = NEWS] Correspondent Jiye Lee = The International Monetary Fund has warned that the Ukraine war could change the global economic order in the long term.
In a blog post titled How the War in Ukraine Is Affecting the World on the 15th, the IMF said in a blog post on the 15th that war could affect the global economy and the global economy in the long run due to changes in energy trade, reorganization of supply chains, fragmentation of payment networks, and stockpiles of reserve currencies in each country. He analyzed that the geopolitical order could be fundamentally changed.
He added that the escalating geopolitical tensions further increase the risk of disruption in the economy, particularly in trade and technology.
Beyond the pain and humanitarian crisis caused by Russias invasion of Ukraine, the IMF feared that the global economy as a whole would feel the impact of slowing growth and accelerating inflation.
The IMF explained that an increase in the price of food and energy-related products could further exacerbate inflation, lowering the value of income and putting a strain on demand.
He noted that Ukraines neighbors will suffer from trade, supply chain and remittance disruptions and a historic surge in refugees.
In addition, the analysis analyzed that the decline in corporate confidence and increased investment uncertainty could lead to pressure on asset prices, tight financial conditions, and triggering of capital outflows in emerging markets.
The International Monetary Fund (IMF) emphasized that Russia and Ukraine are major commodity producers, and the turmoil has caused a surge in global prices, particularly those related to crude oil and natural gas.
The International Monetary Fund (IMF) said food prices, including wheat, which account for 30 per cent of world exports to Ukraine and Russia, soared and hit all-time highs.