Civil unrest linked to sky-high food prices is on the cards for poorer countries, the IMF has warned amid fears that the world could be heading into a global food crisis as a result of the ongoing conflict in Ukraine.
Amid past warnings of starvation and “Hell on Earth” migrant crises over a lack of food, the international finance body has predicted that growth across the world will be negatively affected, with poorer nations in particular to feel the brunt of the ongoing crisis.
According to a post on the organisation’s website, a mix of high inflation and supply problems are to greatly slow economic growth across the world, with vulnerable economies, in particular, to be hit with the brunt of the hardship.
“This crisis unfolds even as the global economy has not yet fully recovered from the pandemic,” the post penned by the group’s research department director, Pierre-Olivier Gourinchas. READ MORE
