The Russian-Ukraine war accentuated the economic and social crises in an already critical period due to the global pandemic.
In the war period, WTO projections highlight a growth in international trade of 3.0% in 2022, below the forecast before the Russia-Ukraine conflict.
There was also an increase in the price of commodities due to the two countries being world suppliers of essential goods.
Exchange rates are expected to increase by only 2.8% in 2022, which is a lower projection than the previous year.
Therefore, geopolitical conflicts are capable of impacting the global economy, since in the globalized environment, each country action generates a significant chain reaction.
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