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UN Secretary-General António Guterres has warned that the world is on the brink of a ‘storm’ as the war in Ukraine worsens the global economy.
In a press release yesterday, the UN said the war could lead to a “three-dimensional crisis” of food, energy and finance, areas already hit hard by Covid-19 and climate change.
“We are now facing a storm that threatens to destroy the economies of developing countries. “And the most vulnerable people across the globe can not be made collateral damage in another disaster for which they have no responsibility.”said António Guterres.
The UN says up to 1.7 billion people in 107 economies will feel the impact of at least one of three crises, with those in Africa, Asia and the Pacific, Latin America and the Caribbean particularly at risk.
A UN review proposes a number of short- and long-term recommendations to help avoid global crises, including moving away from fossil fuels to renewable energy, G20 countries and banks providing funding for less developed countries, and limiting export restrictions on food.
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