Tag: World
World Bank official says war-driven oil price hikes to slash growth...
A World Bank official highlights how Russia's invasion of Ukraine could reduce growth by a full percentage point for countries like China, Indonesia, South Africa, and Turkey. The war exacerbates existing economic challenges from the COVID-19 pandemic, including debt and inflation uncertainties.
World food price index surges in May to the highest level...
The FAO Food Price Index reached 127.1 points in May, marking the 12th consecutive month of increases. Prices have risen 4.8% compared to April 2021 and nearly 40% since May 2020, reflecting significant global food market volatility and potential economic challenges for consumers worldwide.
