The consequences of the war in Ukraine are profound, says Anil Thakersee, an executive investment solutions provider, PPS Investments.
The risk of a recession has increased and markets are likely to remain volatile, Fidelity International chief executive officer Anne Richards said, in the latest dire warning on the outlook at the World Economic Forum, Bloomberg reported. “To some extent, the war in Ukraine represents a continuation of these global economic challenges, acting as a headwind to the global recovery and placing further upward pressure on inflation.
Disruption to the supply chain of these commodities is already filtering through to prices paid by consumers, hence impacting disposable income, said ThakerseeGovernments of emerging economies are limited in their ability to stimulate struggling sectors in the economy while people rarely have sufficient savings or income to handle price increases, PPS pointed out.
Source: News Formal (newsformal.com)
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