The Economic Consequences of the War, Why the Conflict in Ukraine Is a Disaster for the Poor of This Planet
The economic shock waves created by the war between Russia and Ukraine are already hurting Western economies and the pain will only increase. The slower growth, price hikes, and higher interest rates resulting from the efforts of central banks to tame inflation, as well as increased unemployment, will hurt people living in the West, particularly the poorest among them who spend a far larger proportion of their earnings on basic necessities like food and gas.
