Read this in The Manila Times digital edition.
This May 18, 2022 file photo shows Shantanu Mukherjee, director of the Economic Analysis and Policy Division of the United Nations Department of Economic and Social Affairs, speaks at the press briefing on his organization’s World Economic Situation and Prospects report as of mid-2022 at the UN headquarters in New York City. XINHUA PHOTO
IN today's hyper-connected world, with our interlinked economies, migrant diasporas and 24-hour news channels, it's no surprise that the war in Ukraine is being felt across the globe. The war has upended the fragile economic recovery from the pandemic not only triggering a devastating humanitarian crisis, but also increasing food and commodity prices and globally exacerbating inflationary pressures.