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Global Economy Braces for Impact of Russia’s War on Ukraine
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Soaring commodity prices, sweeping financial sanctions and the potential for a ban on energy imports from Russia after it invaded Ukraine are threatening to hobble a global economy still weakened by the Covid-19 pandemic. They are also complicating the task of central banks that had been preparing to phase out easy money.
On both sides of the Atlantic, inflation is at levels that haven’t been seen for decades, and still rising. Global stock markets are wilting and the dollar is surging against other currencies as investors rush for the safety of U.S. assets.
Read more on wsj.comAbout this in other media
What is life like for Westerners in Russia amid the war in Ukraine? euronews.com /2 years ago
Which tech companies are cutting ties with Russia over its war in Ukraine? euronews.com /2 years ago
How markets view Russia debt default as Ukraine invasion continues fnlondon.com /2 years ago
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