concerning the economic impact of the war in Ukraine after the executive board met on March 4. The report notes that the meeting was chaired by the IMF’s managing director Kristalina Georgieva. The IMF’s outlook is not great and the international financial institution has noticed theAll of this has added to “inflationary pressures from supply chain disruptions” and it could slow the Covid‑19 pandemic rebound, the IMF’s report details.
The IMF’s report explains war-related issues could further cause economic fallout across a myriad of countries. “Should the conflict escalate, the economic damage would be all the more devastating — The sanctions on Russia will also have a substantial impact on the global economy and financial markets, with significant spillovers to other countries,” the IMF communications department statement notes.
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No doubt that the repercussions that will come from the Russia war on Ukraine, will be economically dire. That's why lots of countries, organizations, and individuals wants the war to stop as soon as possible. Also lots of critical infrastructure in Ukraine has been damaged.
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