OREANDA-NEWS. The global economy in 2022 will slow down its recovery after the coronavirus pandemic due to events in Ukraine. It is reported by the Financial Times.

High inflation, growing into stagflation, will characterize the world economy in the context of events in Ukraine, the publication noted.

Analysts of the publication calculated that high prices and a slowdown in production will affect almost all countries this year. For example, for many, this year will be a period of geopolitical restructuring, with disruptions in supplies and constant fluctuations in the financial market.

According to Eswar Prasad, a senior fellow at the Brookings Institution in Washington, the world's largest economies are beginning to experience difficult times. For example, the US already has the highest inflation in the last 40 years. In addition, Europe is suffering from the adopted anti-Russian sanctions in the energy sector.

On April 15, CNBC, citing forecasts by experts from the five largest economic institutions in Germany, reported that the imposition of an embargo on the import of Russian oil and gas would lead to more serious consequences for the European economy, which had not yet recovered from the coronavirus pandemic.