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The war in Ukraine could slow global economic growth by more than a percentage point in the first year of the occupation.
According to the latest report of the Organization for Economic Development, the war could cause a “deep recession” in Russia.
Although Russia and Ukraine make up a small percentage of the global economy, they are large producers of raw materials.
According to this Organization, the conflict could affect global price increases by almost 2.5 percent.
Prices are already rising due to rising demand, following the lifting of restrictions on fighting the coronavirus pandemic.
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