Ukraine War Is Economic Catastrophe, Warns World Bank

4th March 2022

The war in Ukraine is "a catastrophe" for the world which will cut global economic growth, the president of the World Bank has told the BBC.

"The war in Ukraine comes at a bad time for the world because inflation was already rising," said David Malpass.

He stressed his biggest concern is "about the pure human loss of lives" that is occurring.

Thousands of civilians and soldiers are thought to have been killed by the fighting.

Mr Malpass said the economic impact of the war stretches beyond Ukraine's borders, and the rises in global energy prices in particular "hit the poor the most, as does inflation".

Food prices have also been pushed up by the war, and "are a very real consideration and problem for people in poor countries".

Read the full story at BBC NEWS