The impact of Russian and Ukrain war on world economy

[gantez]

World economy



I look to it that the war affecting the economy of every country and with research about it , Al-Jazeera gave detail of how some countries is affected and if the war did not stop , more of the country will keep suffering. Russia is part of the biggest supplier in oil and the short suorpply is affecting the world. The war is affecting the europe countries hard because two countries in the war are two big supplies to europe. Russia cut supply of oil to euro and that affecting production, gas use. The Ukraine economy supply large amount of iron, steel, ore,stag and ash to the world and euro now in shortage include animal vegetable fats and oil to euro and the other countries.

This is hard time for economy to survive what is your thinking about the collapsing of world economy with highing inflation.

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[Argoo]

Of course, the ongoing six-month war between Ukraine and Russia will have serious consequences for the global economy. First of all, there is a redistribution of spheres of influence both in the sphere of politics and in the sphere of economy. Russia is gradually losing the European market, where it primarily supplied coal, oil and gas in significant quantities. Now, as a result of Russia's blackmailing of the EU countries and the sanctions imposed on Russia, which unleashed a war of conquest in the center of Europe, the latter have set a course for the fastest possible rejection of these Russian energy sources. Europe is looking for and finding other suppliers, and will also gradually switch to alternative energy sources. For some time there will be confusion, so for some time the prices for these energy carriers will jump, but then everything will calm down. But Russia will lose big in the long run.

In addition, Russia, as an aggressor country, will increasingly isolate itself from civilized states, and from such isolation and international sanctions, its economy will collapse, and it will itself lose its current status of a superstate, if it does not fall apart into many separate republics. As a result, our world is in for a big change.

[Upgrade00]

...what is your thinking about the collapsing of world economy with highing inflation.

It's a difficult situation, but not to the extent of collapsing the world economy.
The lingering war would have lasting effects, as it was unexpected and many countries who were heavily dependent on either Russia or Ukraine got hit hard, and it would take a while, but they would recover and adjust.

The lockdown crisis is also a factor in the falling economies and would also take a while to recover from.

[Sithara007]

...what is your thinking about the collapsing of world economy with highing inflation.

It's a difficult situation, but not to the extent of collapsing the world economy.
The lingering war would have lasting effects, as it was unexpected and many countries who were heavily dependent on either Russia or Ukraine got hit hard, and it would take a while, but they would recover and adjust.

The lockdown crisis is also a factor in the falling economies and would also take a while to recover from.

Don't be so confident. If this war lasts for another 6 months or so, then the chances of a recession will increase to >50%. Here in India, the government was forced to reduce the taxes on diesel and gasoline, so that the citizens won't revolt against them as a result of high fuel prices. But then, they were showering the citizens with freebies when the crude prices were low. Now they can't suddenly stop that. Either they need to increase taxes elsewhere, or they need to take loans. Both the options will be bad for the economy.

[davis196]

The war in Ukraine has a negative impact on many countries in Europe, but the European economy can and will find a way to adapt and survive without Russian oil and gas in the long term. I'm pretty sure that green hydrogen will replace natural gas in the future(when the production and storage of green hydrogen becomes cheap enough. Right now, all the nations in Europe will have to reduce the natural gas consumption and prepare for a not-so-comfortable winter.
The world is heading towards "de-globalization", which means that the traditional supply chains are getting destroyed and we won't be able to afford cheap goods coming from China in the near future. The western world will have to restore it's industry and stop relying on service-based businesses.

[gantez]

...what is your thinking about the collapsing of world economy with highing inflation.

It's a difficult situation, but not to the extent of collapsing the world economy.
The lingering war would have lasting effects, as it was unexpected and many countries who were heavily dependent on either Russia or Ukraine got hit hard, and it would take a while, but they would recover and adjust.

The lockdown crisis is also a factor in the falling economies and would also take a while to recover from.

Not to the collapsing of world economy totally I mean here but many countries economy dropping with high rise of the inflation because things increased as the war continue. If this continue to happen it will get into recession and some countries will want bail out from international community and countries.

[Ucy]

Most of the impact is self-inflicted via bad sanctions and interferences. If you were to veil those involved in the event and asked people to judge, they will likely side Russia because she was doing it to rescue her children and save herself. I'm not sure if people are aware that Russia allowed alot of Ukrainians into her territory just to make sure they are not harm in the course of the war special operation.
If others had judged right and supported Russia they wouldn't have been in the mess. I never knew Putin loves Europe & Ukraine this much otherwise there were opportunities to do the unthinkable which I think he is aware of but he ignored them. It seems he was just too careful trying to prevent negative impact of the special operation on people but people worked against it.

In regards to food price, unless you don't produce food yourself, you shouldn't have too much problem. I doubt most countries don't have local foods that can easily replace that which are imported from Russia or elsewhere. The food narrative doesn't make much sense to me

[kapalmabur]

...what is your thinking about the collapsing of world economy with highing inflation.

It's a difficult situation, but not to the extent of collapsing the world economy.
The lingering war would have lasting effects, as it was unexpected and many countries who were heavily dependent on either Russia or Ukraine got hit hard, and it would take a while, but they would recover and adjust.

The lockdown crisis is also a factor in the falling economies and would also take a while to recover from.

Not to the collapsing of world economy totally I mean here but many countries economy dropping with high rise of the inflation because things increased as the war continue. If this continue to happen it will get into recession and some countries will want bail out from international community and countries.

Indeed, when inflation continues to rise and the government does not implement policies that can reduce inflation, sooner or later the country's economy will fall.
after all that's not what we want other than that the war that is still continuing also has an effect on inflation

[ivankoh]

I think, The first consequence of any large-scale war will seriously affect the loss of both people and property, material, infrastructure... that is inevitable.  The effects of this conflict will include a turning point in world history or the position of many countries will be reversed or disturbed for a very long time.  Whether the side wins-loses or ends up on the negotiating table will bring the final result -> global economic recession, nuclear war risks, energy wars will change

[hyudien]

Ambition will never run out, after what you get will move to a new land to be captured. War is the way to go but did you know we are sick of all this bullshit about war. We are in a sea of war nations and feel the impact. Russia planned the war well in advance and took advantage of the moment of recovery from the pandemic as the perfect time. Look at the current economy and the prices of basic commodities and fuel are not returning to normal prices.

[Gyfts]

...what is your thinking about the collapsing of world economy with highing inflation.

It's a difficult situation, but not to the extent of collapsing the world economy.
The lingering war would have lasting effects, as it was unexpected and many countries who were heavily dependent on either Russia or Ukraine got hit hard, and it would take a while, but they would recover and adjust.

The lockdown crisis is also a factor in the falling economies and would also take a while to recover from.

The lockdowns had an almost equal impact on the global economy, IMO.

There hasn't been a period in recent history involving entire countries shutting down their economy for months, upwards of 1.5 years of restrictions, combined with unfettered money printing in order to stimulate an economy with a workforce that was being paid to stay home. The Ukraine war gave the world an energy crisis and potential food crisis, but that was coming anyways from the post-COVID economic effects. Ukraine war accelerated the process.

[Sithara007]

Ambition will never run out, after what you get will move to a new land to be captured. War is the way to go but did you know we are sick of all this bullshit about war. We are in a sea of war nations and feel the impact. Russia planned the war well in advance and took advantage of the moment of recovery from the pandemic as the perfect time. Look at the current economy and the prices of basic commodities and fuel are not returning to normal prices.

Instead of slowing down the economy, the war is actually boosting it in Russia. That country is heavily dependent on exports of oil, gas, coal, wheat and fertilizer. And the prices of all these commodities have gone up by anywhere from 2x to 20x. The stupid sanctions imposed on Russia by the West further exacerbates the situation and further spikes the prices. On the other hand, the economies are edging towards recession in those countries which used to import these commodities. EU is the most impacted, because they are now trying to replace Russian imports with more expensive stuff from elsewhere.

[hyudien]

Instead of slowing down the economy, the war is actually boosting it in Russia. That country is heavily dependent on exports of oil, gas, coal, wheat and fertilizer. And the prices of all these commodities have gone up by anywhere from 2x to 20x. The stupid sanctions imposed on Russia by the West further exacerbates the situation and further spikes the prices. On the other hand, the economies are edging towards recession in those countries which used to import these commodities. EU is the most impacted, because they are now trying to replace Russian imports with more expensive stuff from elsewhere.

Western countries demanded an end to sanctions against Russia but instead they kept the sanctions. Then inevitably have to give up to pull the trigger back. Otherwise, Russia will become the master of oil, gas and other important matters as a form of criticism of the system. This leaves western countries in a dilemma and thinking of withdrawing from sanctions.

What is next? just looking at the impact, is it a result of the interests of individual countries or the fact that concern for Ukraine is no longer a priority?

[TravelMug]

We've seen the effects already, Sri Lanka Economic Crisis is Getting Worse, and it did collapse.

And hopefully there will be none to follow, but in ay case, I wouldn't be surprised, prices of Petrol is going up and we all know how valuable this commodities is and now countries not involved will have to control it or are force to buy at a premium today. As comparing it to lockdown wherein countries have shut their economy for almost 2 years, it's different though as compare to the effects of the war.

[Sithara007]

Western countries demanded an end to sanctions against Russia but instead they kept the sanctions. Then inevitably have to give up to pull the trigger back. Otherwise, Russia will become the master of oil, gas and other important matters as a form of criticism of the system. This leaves western countries in a dilemma and thinking of withdrawing from sanctions.

What is next? just looking at the impact, is it a result of the interests of individual countries or the fact that concern for Ukraine is no longer a priority?

Tell me what is the impact of these sanctions on the frontline. From what I can see, Ukraine is losing more and more territory as the war progresses and Zelensky is claiming that hundreds of his soldiers are getting killed every day. And remember that all this happened despite Ukraine receiving funds and equipment from 40+ countries. And when the war started, everyone claimed that Ruble will be reduced to "rubble" and Russian economy will undergo a complete meltdown. Ruble is now stronger compared to the pre-war levels, and the so called "meltdown" never occurred.  

[passwordnow]

This is hard time for economy to survive what is your thinking about the collapsing of world economy with highing inflation.

But still, most economies are surviving and thriving even though it is hard. We have to deal with the inflation as that's the impact of the war and it's inevitable because usually, there is inflation and only a few countries manage to skip from it for a year or two, and then there it goes again with a few percentages. The current inflation rate for the US is around 8% and CMIIW and that's one of the highest. And aside from the shortage of oil, there goes the high value of USD which solely affected most countries' dollar rate exchange. Those countries that are affected badly by this are the ones that imports and pays through USD.

[kryptqnick]

As always, countries which are already struggling will struggle even more (low-income countries), and the strongest ones will be alright. If the war is a big deal, even if we think of it from a mid-term economic perspective instead of a moral one (which I believe should dominate instead), then why not focus on stopping the war? We have one obvious aggressor here, and while it's a mighty aggressor, the world has more power and could, with proper policies, get it out of the way. Ukraine is asking for more weapons, which is unfortunately what we need. But if the world truly united against Russia economically, ensuring that Russia doesn't get money for exports, the war would be over very fast due to a total economic collapse of Russia. But no, countries keep giving Russia billions of dollars because of fearing recession and not being willing to work actively on alternative solutions for their gas and oil problems, and then of course Russia has even more money to keep waging the war. In the end it will have a much bigger effect on global economy than if cutting economic tied with Russia was implemented very swiftly and decisively, but hey, humans aren't very good at long-term thinking and oh no, 2% recession is a way bigger deal than people dying and being tortured when it could be prevented.

[virasisog]

...what is your thinking about the collapsing of world economy with highing inflation.

It's a difficult situation, but not to the extent of collapsing the world economy.
The lingering war would have lasting effects, as it was unexpected and many countries who were heavily dependent on either Russia or Ukraine got hit hard, and it would take a while, but they would recover and adjust.

The lockdown crisis is also a factor in the falling economies and would also take a while to recover from.

Our country, just like its neighboring countries here in Southeast Asia is suffering a lot from the inflation rate which was caused mainly by the Russian and Ukraine war. Our oil price really struck high though our main supplier isn't Russia. There are speculations that huge businesses, as well as the government, are also taking advantage of the inflation crisis. I guess the effect of the current war will still last longer but I'm hoping that no country would collapse and will survive the current crisis.

[rahmad2nd]

The impact of the conflict between Russia and Ukraine has an impact on the world economy. the impact is very significant, because these two countries are major producers and exporters of a number of commodities.
Russia and Ukraine have a strategic role in global trade, of course this conflict affects the supply chain owned by Russia and Ukraine.
Russia is the second largest exporter of crude oil, then for coal exports as well as wheat, natural gas, while Ukraine is the world's largest exporter of seed oil, corn, wheat.

Therefore, the effects of the conflict between Russia and Ukraine will be felt globally, the most visible effect is inflationary pressure.

[Stella Mese]

indeed this is a difficult situation for everyone in this world. due to war, and has a negative impact on society. such as fuel becomes expensive and so on. and many companies closed. and finally unemployment becomes a lot. and rampant. and I can only hope that the world economy will recover and prosper in the future. and may the war end soon.