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...

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Main Authors: Guenette, Justin Damien, Kenworthy, Philip George, Wheeler, Collette Mari
Format: Report
Language:English
Published: Washington, DC: World Bank 2022
Subjects:
Online Access:http://documents.worldbank.org/curated/en/099616504292238906/IDU00bdb5a770659b04adf09e600a2874f25479d
http://hdl.handle.net/10986/37372
id okr-10986-37372
recordtype oai_dc
spelling okr-10986-373722022-05-04T05:10:24Z Implications of the War in Ukraine for the Global Economy Guenette, Justin Damien Kenworthy, Philip George Wheeler, Collette Mari ARMED CONFLICT WAR AND CONFLICT ECONOMIC RECOVERY ECONOMIC IMPLICATIONS OF WAR 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 2022-05-03T19:18:17Z 2022-05-03T19:18:17Z 2022-03-31 Report http://documents.worldbank.org/curated/en/099616504292238906/IDU00bdb5a770659b04adf09e600a2874f25479d http://hdl.handle.net/10986/37372 English EFI Policy Note;3 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Report Publications & Research
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ARMED CONFLICT
WAR AND CONFLICT
ECONOMIC RECOVERY
ECONOMIC IMPLICATIONS OF WAR
spellingShingle ARMED CONFLICT
WAR AND CONFLICT
ECONOMIC RECOVERY
ECONOMIC IMPLICATIONS OF WAR
Guenette, Justin Damien
Kenworthy, Philip George
Wheeler, Collette Mari
Implications of the War in Ukraine for the Global Economy
relation EFI Policy Note;3
description 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
format Report
author Guenette, Justin Damien
Kenworthy, Philip George
Wheeler, Collette Mari
author_facet Guenette, Justin Damien
Kenworthy, Philip George
Wheeler, Collette Mari
author_sort Guenette, Justin Damien
title Implications of the War in Ukraine for the Global Economy
title_short Implications of the War in Ukraine for the Global Economy
title_full Implications of the War in Ukraine for the Global Economy
title_fullStr Implications of the War in Ukraine for the Global Economy
title_full_unstemmed Implications of the War in Ukraine for the Global Economy
title_sort implications of the war in ukraine for the global economy
publisher Washington, DC: World Bank
publishDate 2022
url http://documents.worldbank.org/curated/en/099616504292238906/IDU00bdb5a770659b04adf09e600a2874f25479d
http://hdl.handle.net/10986/37372
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