Tuesday, April 19, 2022

IMF says Russia's war in Ukraine will 'severely set back' global economy

 The article "IMF says Russia's war in Ukraine will 'severely set back' global economy" talks about how most countries will be affected from this war. Ukraine and Russia's economies will be hit the hardest, but more of Ukraine's. With the war happening in Ukraine they have lost so much. In 2021 the growth of the world economy was 6.1%. In 2023 it is predicted to only grow by 3.6%. Other countries in Europe and the U.S. are affected by this war because they would get resources from Russia that they have now cut off. It will be interesting to see how this war continues or if it will soon come to and end and how it will keep affecting everyone else. 

https://www.cnn.com/2022/04/19/investing/imf-economic-outlook/index.html

Elise Kamp

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