Economic experts in Europe have confirmed that the Russian attack on Ukraine will cost Europe one to one and a half points of growth depending on the duration of the conflict, while inflation may rise two to two and a half points.
Al-Arabiya stated that Lawrence Boone, chief economist at the Organization for Co-operation and Development, stressed the need for in-depth thinking on basic issues, including food, energy and digital (security), as well as the regulation of trade exchanges. She indicated that the degree of uncertainty remains high with regard to With these estimates.
Boone said inflation would remain high this year but could start to slow in 2023 depending on how the war unfolds. In response, it recommends developing targeted fiscal policies to help families and businesses weather the crisis.
When asked about the generalized price hike in the aftermath of the war in Ukraine, she considered that the conflict raises expectations for the prices of grain and fertilizers exported by Russia and Ukraine, and that this may affect not only this year's crops, but also (Crops) 2023
