April 28, 2022 - 05:30 PM 273 views
the European Central Bank (ECB), Russia's war against Ukraine is causing heavy economic
damage," the ECB stated in an economic bulletin article published on
points to be noted are:
A survey indicates that the Omricon variant of the COVID-19 will
have less impact on advanced countries. Therefore, the global economic activity
can be restored back to its original position by the start of the year 2022.
There are several factors that indicate the slow economic growth
rate. One of the pioneering reasons is the Russia-Ukraine war. As a result of
this war, businesses and consumers also lost trust because of the uncertainty
Support from financial and monetary policies remains highly
difficult, especially in this critical geopolitical scenario.
The market-based indicators predict that fuel costs and energy
prices will stay high for a period of time, but that they will come down after
some time. As well, food prices also increased substantially.
As the economy reopens, the prices are also pushed upwards rapidly
by the normalisation of demand and supply bottlenecks.
When last seen, the EUR/USD pair was trading at 1.0530, bouncing
back from over five-year lows amid the high jumps in the US dollar.