By Alfred Kammer, Jihad Azour, Abebe Aemro Selassie, IIan Goldfajn and Changyong Rhee
The conflict is a major blow to the global economy that will hurt growth and raise prices.
B
eyond the suffering and humanitarian crisis from Russia’s invasion of Ukraine, the entire global economy will feel the effects of slower growth and faster inflation.
Impacts will flow through three main channels. One, higher prices for commodities like food and energy will push up inflation further, in turn eroding the value of incomes and weighing on demand. Two, neighboring economies in particular will grapple with disrupted trade, supply chains, and remittances as well as an historic surge in refugee flows. And three, reduced business confidence and higher investor uncertainty will weigh on asset prices, tightening financial conditions and potentially spurring capital outflows from emerging markets. Continue reading
U.S.A. — Ketanji Brown Jackson on verge of becoming first Black woman on Supreme Court – By Mohamed Hamaludin
— Despite disgusting partisan questioning…
Ketanji Brown Jackson
– By MOHAMED HAMALUDIN
Those were some of the questions put to Ketanji Brown Jackson, President Joe Biden’s nomination to the U.S. Supreme Court, in last week’s U.S. Senate Judiciary Committee hearings. Continue reading →
Share this:
Like this: