Comments by "namur 1990" (@namur-iq6ih) on "Russians SABOTAGE AND FIGHT the Regime. RESISTANCE GROWS. "The ONLY THING" That Will Make PUTIN TALK" video.

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  2.  @jamesn0va  Russia is a major producer of fertilizer and petroleum. Disruptions to the flow of these goods are compounding other supply chain and climate challenges, driving up food and gas prices and causing shortages in places such as Chad, Tunisia and Sri Lanka. More than 8 million refugees have fled Ukraine in what the World Health Organization describes as "the largest movement of people in the European Region since the Second World War." Many have relocated to Russia. Others have put a strain on resources, as well as schools and hospitals, in Poland and Germany. The conflict is a major blow to the global economy that will hurt growth and raise prices. Beyond the suffering and humanitarian crisis in Ukraine, the entire global economy will feel the effects of slower growth and faster inflation. Impacts will flow through three main channels. One, higher prices for commodities like food and energy will push up inflation further, in turn eroding the value of incomes and weighing on demand. Two, neighboring economies in particular will grapple with disrupted trade, supply chains, and remittances as well as an historic surge in refugee flows. And three, reduced business confidence and higher investor uncertainty will weigh on asset prices, tightening financial conditions and potentially spurring capital outflows from emerging markets. Russia and Ukraine are major commodities producers, and disruptions have caused global prices to soar, especially for oil and natural gas. Food costs have jumped, with wheat, for which Ukraine and Russia make up 30 percent of global exports, reaching a record. Recession coming to major Western economies. Germany and Italy will slide into recession by the end of the year as inflation continues to rise, Fitch Ratings told Bloomberg on Thursday. Although the downturn is not expected to be “severe,” the head of sovereigns and supranationals at Fitch, James McCormack, says that “recession is significant in and of itself.” Inflation in Germany, the EU’s largest economy, accelerated in February, rising 9.3% on the year and 1% on the month, according to the latest figures from Germany’s Federal Statistical Office (Destatis). Surging food and energy prices dealt a major blow to the country’s economy despite relief measures taken by the government. The German economy shrank by 0.4% quarter-on-quarter in the final three months of 2022. The contraction came in larger than the previously estimated 0.2% GDP drop. In Italy, the EU’s third largest economy, consumer prices rose 9.2% in February compared with the same period last year, down from a 10% increase in January, preliminary data from the country's statistics agency ISTAT showed on Thursday. Purchasing power in the country more than halved over the past year, according to a report by the think tank Nomisma, which said that one in seven Italians complained they earned less than they required to make ends meet. A quarter of those surveyed said they spent all their money on essentials while 26% of Italian households said they feared not making it to the end of the month. The US is also at risk of a “modest” recession by the end of the year, McCormack told Bloomberg, adding that the “UK is already probably there.” The economist also pointed out that governments around the world are struggling to tackle the cost-of-living crisis sparked by surging food and energy prices since the start of conflict in Ukraine. So far there is little optimism about a rapid recovery and the rising costs have sent ripples of instability throughout the global economy.
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