03-23-2022, 10:37 AM
Ukraine war reshaping global geopolitical and economic outlook, says S&P Global Market
![[Image: SP-Global-Market_20220323092302_theedgem...Ciqx0ip6YW]](https://assets.theedgemarkets.com/SP-Global-Market_20220323092302_theedgemarkets.jpg?hY_fxPipQul.HQn.23i.l7Ciqx0ip6YW)
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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