World Bank Chief David Malpass warns, Russia-Ukraine Conflict could cause a global recession as the price of food, energy and fertilisers are increasing exponentially. Corona virus lockdowns in China are adding to concerns about a slow down and get fit.
He says Germany, the biggest economy in Europe and the fourth largest in the world higher is suffering due to high prices of energy. Developing countries are also being affected by shortages of fertiliser, food and energy. This is the latest warning by World Bank over the rising risk the world economies may face in days to come.
