The war in Ukraine has threatened the uneven recovery of developing East Asia and Pacific (EAP) countries from the COVID-19 shock, said the World Bank. The war comes on top.
The developing East Asia and Pacific countries is projected to grow by 5 per cent in 2022 amid the resurgence of Covid-19 pandemic, tighter financial conditions and the Russia-Ukraine war, the World Bank said."Shocks emanating from the war .
Shocks emanating from the war in Ukraine and the sanctions on Russia are disrupting the supply of commodities, increasing financial stress, and dampening global growth.
The developing East Asia and Pacific countries is projected to grow by 5 percent in 2022 amid resurgence of COVID-19 pandemic, tighter financial conditions and the Russia-Ukraine war, the World Bank said Monday.