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Ukraine war reshaping global geopolitical and economic outlook, says S&P Global Market

[Image: SP-Global-Market_20220323092302_theedgem...Ciqx0ip6YW]

KUALA LUMPUR (March 23): The Russian invasion of Ukraine has fundamentally changed the geopolitical landscape—with economic consequences, said S&P Global Market Intelligence.

In a statement on Tuesday (March 22), the firm said its forecast of global real GDP growth in 2022 has been marked down to 3.3% from 4.1% in February.

S&P Global Market Intelligence executive director, global macroeconomics Sara Johnson said Russia’s invasion of Ukraine has triggered a global commodities shock that will further dislocate global supply chains, drive up prices, and slow economic growth—especially in Europe.

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