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The pandemic had already caused a widespread, global recession that struck the engines of the global economy – work, production, trade, and the distribution of goods. Even so, forecasters predicted a slow but steady economic recovery in financial systems and global supply chains for 2022-23. But the outbreak of war in Ukraine has derailed the recovery, with fears rising over the supply of many key raw materials and goods as many governments and global organisations reconsider their terms of business with Russia.
Download our recent white paper to understand the several factors behind the increase in the cost of living and the impact this will have globally.
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Jayson Myers
CEO, Next Generation Manufacturing Canada, Member of the Oxford Analytica Expert Network
International Economy Analyst, Oxford Analytica
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