Ukraine conflict-related inflation may drive protests and riots, World Bank warns - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Soaring energy and food prices triggered by Russia’s invasion of Ukraine could exacerbate existing food security concerns in the Middle East and Africa, and may fuel growing social unrest, World Bank chief economist Carmen Reinhart said.

Sudden spikes in food prices can lead to social unrest, as happened in 2007-2008 and again in 2011, when global food price increases were associated with riots in more than 40 countries.Sudden spikes in food prices can lead to social unrest, as happened in 2007-2008 and again in 2011, when global food price increases were associated with riots in more than 40 countries.

“There will be important ramifications for the Middle East, for Africa, North Africa and sub-Saharan Africa, in particular, “which had already been experiencing food insecurity, Reinhart told Reuters in an interview. The Arab Spring refers to a series of pro-democracy protests and uprisings that took place in the Middle East and North African beginning in 2010, beginning in Tunisia and spreading to five other countries: Libya, Egypt, Yemen, Syria and Bahrain.

Agricultural commodities were already 35% higher in January, compared with a year ago, and are expected to rise further due to the conflict since Russia and Ukraine are both major exporters of wheat, maize, barley and sunflower oil, the World Bank reported last month, days after the Russian invasion began. Moscow calls its actions in Ukraine a “special operation”.

 

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Do we import everything overseas now? Propaganda at its best.,. South Africa has BRICS sure the five nations can ease whatever so-called soaring prices amongst themselves...why is it a global pandemic now... If u want to blame anyone else in this mess blame NATO...

And those are country’s with oil

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