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Russian war in Ukraine will affect countries almost all over the world and even might spur unrest in some regions, from Sub-Saharan Africa and Latin America to the Caucasus and Central Asia – IMF

Russian war in Ukraine will affect countries almost all over the world and even might spur unrest in some regions, from Sub-Saharan Africa and Latin America to the Caucasus and Central Asia – IMF

Beyond global spillovers, countries with direct trade, tourism, and financial exposures will be additionally affected by the Russian war in Ukraine. Economies reliant on oil imports, mainly in Europe, will see wider fiscal and trade deficits, and more inflation pressure. Although, some exporters such as those in the Middle East and Africa may benefit from higher prices. Steeper price increases for food and fuel may spur a greater risk of unrest in some regions, from Sub-Saharan Africa and Latin America to the Caucasus and Central Asia, while food insecurity is likely to further increase in parts of Africa and the Middle East.

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