Could war in Ukraine lead to economic crisis?

From Al Jazeera – Counting the Cost. Main discussion points:

  • Ukraine and Russia are expected to experience a severe recession this year. But the sanctions imposed on Russia and the increasing energy price can inflict inflation on other countries.
  • IMF to cut its growth forecast on the Global Economy.
  • Russia to turn to the Chinese Yuan to survive and are counties dumping the US$ as the global reserve currency?

Sign up to elearneconomics for multiple choice test questions (many with coloured diagrams and models) and the reasoned answers on Inflation and Exchange Rates. Immediate feedback and tracked results allow students to identify areas of strength and weakness vital for student-centred learning and understanding.


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