Permainan judi slot online terbaik

slot hoki terpercaya

  • About
  • Contact
  • Privacy Policy
  • bitcoinBitcoin$19,008.46-5.53%
  • ethereumEthereum$1,023.09-7.58%
  • xrpXRP$0.326006-1.32%
  • bitcoin cashBitcoin Cash$100.37-5.39%
Cryptovibes.com - Daily Cryptocurrency and FX News
  • Home
  • News
  • Analysis
  • Crypto
  • Autotrading
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Bitcoin Prime
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR
No Result
View All Result
Cryptovibes.com - Daily Cryptocurrency and FX News
No Result
View All Result

The Ukraine War ‘Will Result In High Energy And Food Prices For 3 Years’

John Wanguba by John Wanguba
May 6, 2022
in FX Industry
Reading Time: 3min read
The Ukraine War ‘Will Result In High Energy And Food Prices For 3 Years’

The biggest commodity shock since the 1970s raises the spectre of stagflation, says World Bank

Intensifying fears that the global economy is heading for a rerun of the high inflation and weak growth of the 1970s, the World Bank has warned that the war in Ukraine will translate into expensive food and energy for the next three years.

There was a risk that enduring high commodity costs lasting until the end of 2024 would lead to stagflation – the strong cost of living pressures combined with sluggish activity – the Washington-based development organization said in a gloomy analysis.

The Bank’s latest commodity markets outlook said that the world had seen the biggest jump in food and fertilizer prices since 2008 and the biggest increase in energy prices since the 1973 oil crisis over the past two years. Although likely to retreat from their current levels, the costs of food and energy were forecast to be above the average for the past five years at the end of 2024.

People in the streets hold Ukrainian flag and banners

The Bank is forecasting a 50% rise in energy prices this year, as a result of trade and production disruptions caused by the Russian invasion of Ukraine. This year it expects the price of Brent crude oil to average $100 a barrel, an increase of more than 40% compared with 2021 and its highest level since 2013.

In 2023, prices are estimated to drop back to $92. However, these prices will remain well above the five-year average of $60 a barrel.

European coal prices are expected to be 80% higher, while gas prices for 2022 are expected to be twice as high as they were last year. Putting pressure on developing economies that rely on wheat imports from Russia and Ukraine, the Bank expects wheat prices to increase more than 40% this year.

Indermit Gill, a World Bank vice-president, said:

“Overall, this amounts to the largest commodity shock we’ve experienced since the 1970s. As was the case then, the shock is being aggravated by a surge in restrictions in trade of food, fuel, and fertilizers.”

“These developments have started to raise the spectre of stagflation. Policymakers should take every opportunity to increase economic growth at home and avoid actions that will bring harm to the global economy.”

Like what you're reading? Subscribe to our top stories
Tags: coalenergy costsenergy pricesinflationRussiathe UKUkraine warWorld Bank

Related Posts

World Bank's Reinhart 'Doubtful' Global Recession Can Be Averted
Analysis

World Bank’s Reinhart ‘Doubtful’ Global Recession Can Be Averted

June 29, 2022
G7 Aims To Secure $600B To Counter China's Belt And Road
FX Industry

G7 Aims To Secure $600B To Counter China’s Belt And Road

June 28, 2022
Norway Central Bank Passes Highest Interest Rate Hike In 20 Years
Analysis

Norway Central Bank Passes Highest Interest Rate Hike In 20 Years

June 25, 2022
Facebook Twitter Instagram Telegram RSS Youtube

Newsletter

Like what you're reading? Subscribe to our top stories
situs qq online terpercaya
probola
Menyajikan live score bola terkini
www.jamberrynails.net
adtoken.com
Agen bola
judi online slot
daftar judi slot terbaru
situs BandarQQ Online
Situs judi online Terpercaya
poker online
judi bola
slot pragmatic
situs judi bola
situs judi bola
pragmatic play
judi bola
Situs Slot TOS885

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

No Result
View All Result
  • Home
  • Crypto news
  • Analysis
  • Editors’ Choice
  • Entertainment
  • Press Releases
  • ICO
  • Wisdom
  • Coins List
  • Advertising
  • About FXTimes
    • Privacy Policy
    • Terms of Use
    • Donate

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

Situs sbobet resmi terpercaya. Daftar situs slot online gacor resmi terbaik. Agen situs judi bola resmi terpercaya. Situs idn poker online resmi. Agen situs idn poker online resmi terpercaya. Situs idn poker terpercaya.

situs idn poker terbesar di Indonesia.

List website idn poker terbaik.
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.