international economics presentation and need guidance to help me learn.
As we know, in the past year, the Russia-Ukraine war has arisen, which has had an impact not only on these two countries but also on the global economy.
Ukraine is the major exporter of agriculture produce, and Russia is the world’s third-biggest oil producer and second-most influential member of the OPEC+ alliance after Saudi Arabia.
IMPACT OF WAR:
1. currency impact
2. consumer goods shortage
3. Bank run
4. Oil surge
5. Shortage in food supply
6. Inflation risk
Growth will be hit as a result of these adverse changes in consumption and investment.
Most affected by the war are developing countries, such as African countries, which all depend on developed countries. Poverty will increase in such countries, and financial problems will arise.