16 March 2022, 4:01 AM |The IMF predicted deep recessions in Ukraine and Russia, and said Europe could see disruptions in natural gas imports and wider supply-chain disruptions. Eastern Europe, which has absorbed most of the 3 million people who have fled Ukraine, would see higher financing costs as a result.The IMF predicted deep recessions in Ukraine and Russia, and said Europe could see disruptions in natural gas imports and wider supply-chain disruptions.
It is also eroding business confidence and triggering uncertainty among investors that will depress asset prices, tighten financial conditions and could trigger capital outflows from emerging markets, it said. In Tuesday’s post, they suggested their regional growth forecasts would also be likely be revised downward.Countries with direct trade, tourism, and financial exposures would feel mounting pressure, the IMF said, citing a greater risk of unrest in some regions, from Sub-Saharan Africa and Latin America to the Caucasus and Central Asia.
The IMF predicted deep recessions in Ukraine and Russia, and said Europe could see disruptions in natural gas imports and wider supply-chain disruptions. Eastern Europe, which has absorbed most of the 3 million people who have fled Ukraine, would see higher financing costs as a result.