Warning by IMF; huge impact on the global economy

Warning by IMF; huge impact on the global economy

By Karuna Thapa

Kathmandu, March 16

According to the International Monetary Fund (IMF), the Ukraine war might have a significant impact on the global economy.

The war between Russia and Ukraine, according to the International Monetary Fund (IMF), has slowed economic development and driven up prices, impacting the global economy.

According to the IMF, the conflict might result in economic growth and soaring inflation, radically altering the global economic structure.

According to the International Monetary Fund, the war in Ukraine has resulted in higher food and fuel costs, higher inflation, and a decrease in buying power. Trade, supply cycles, and remittances to Ukraine’s neighbor were also impacted, according to the fund.

According to the IMA, the conflict has undermined businessmen’s and investors’ self-confidence, deteriorated the financial situation, and resulted in capital flight from the rising economy.

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