Jeffrey Sachs says sanctions won’t deter Vladimir Putin from seizing control of Ukraine. Picture: Getty
Ireland and other European countries face the very real prospect of an economic recession as the impact of Russia’s invasion of Ukraine continues to unfold, leading economists have warned. It comes as global commodity markets were subject to serious volatility in the past week as prices for oil, gas, staple foods and other commodities surged to fresh highs before easing slightly, while western countries continue to escalate economic sanctions against Russia.
LorcanAllen peterodwyer1 DanielTMurray At this stage Iam more concerned the war doesn’t trigger nuclear attacks or Putin doesn’t blow up a nuclear power station. A recession we will get through, nuclear fallout that’s a different more serious problem.
LorcanAllen peterodwyer1 DanielTMurray It could get worse with China and their mass shutdowns:
LorcanAllen peterodwyer1 DanielTMurray The ecb's QE program of printing, which should be classed as counterfeit money, is the reason for this inflation(inflating money supply) The war is their cover up! Gov spending and Corporate Cronyism! Press gives them an easy ride through designer ignorance! buygold