Russia s invasion of Ukraine has significantly altered the global economic backdrop through 3 main channels: high input costs and consumer inflation over an extended period.
The two ‘Fs’ of global commodity trade – food and fuels – are key concerns for the United Nations Conference on Trade and Development (UNCTAD) as the war in Ukraine nears its fourth week. In its report on ‘The Impact on Trade and Development of the War in Ukraine’, UNCTAD points to Russia’s and Ukraine’s .
A rapid assessment of the war in Ukraine by United Nations Conference on Trade and Development (UNCTAD) is showing a rapidly worsening outlook for the world economy, underpinned by rising food, fuel and fertilizer prices.
Ukraine – Russia conflict could see 1.5m container shipped by rail between Asia and Europe rerouted to ocean shipping driving up freight rates warns UNCTAD.