in the same direction. from southeast asia to the middle east, and it s also affecting the uk, too. with russia s war in ukraine making these supply shocks much worse, the economic stakes are very high here, and across the world, according to one of britain s top bankers. many of the conversations here in davos have been what percentage likelihood you attach to a recession? i ll say 50 50. right now, thise emerging markets racked up debts understandably during the pandemic, and many, perhaps dozens, will go bust. is that how you see it? hopefully not dozens, but when you have political instability, cost of living crisis, also importing energy, it s going to be tough. part of the problem is that the natural response that should bring down energy orfood prices producing more isn t working because, for example, russia is blockading ukraine s food exports. if we don t open those ports, you re talking about a declaration of war on global food security. it ll have extraordinary consequen
fighters as war criminals. james waterhouse, bbc news, in kyiv. the united nations world food programme has described russia s blockade of ukrainian ports as a declaration of war on global food security that could push tens of millions of people into severe food shortages. the warning was made at the world economic forum in davos in switzerland. it echoes concerns raised by the ukrainian government and wider accusations that the kremlin is deliberately targeting food supplies to put pressure on the international community. concerns about rising prices and a possible recession are also high on the agenda, as our economics editor faisal islam reports. across the world food and energy crisis are hitting households, increasing social instability and hunger and leading to whole country is going bust. sri lanka at first
are talking about a declaration - exports. if we don t open ports, you are talking about a declaration of. are talking about a declaration of war on food security. it will have consequences, we are already facing the worst food crisis since world war ii. when you take 400 million people that offered by the food that comes out of ukraine and you shut that off, you add on top of that fertiliser problems, droughts, food cost, fuel costs, we are looking at a health dome on or off. the world s bi est a health dome on or off. the world s biggest important a health dome on or off. the world s biggest important of a health dome on or off. the world s biggest important of wheat - a health dome on or off. the world s biggest important of wheat the - biggest important of wheat the egyptians told us they can cope for now. ., , , now. the government is putting in - lace now. the government is putting in lace and now. the government is putting in place and utilising now. the government is putt