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War slows post-pandemic economic recovery
THE IMF FORECASTS GLOBAL GDP GROWTH OF 3.6% IN 2022, 1.3 PP LOWER THAN PRE-WAR ESTIMATE
Europe and the US, territories with the largest downward correction in their growth forecasts
The war has triggered a humanitarian crisis and a projected 35% drop in Ukraine’s GDP in 2022, with estimated losses of more than $100 billion in civilian infrastructure
Russia, the country with the most sanctions in the world
SANCTIONS AFFECT KEY ECONOMIC SECTORS, SUCH AS FINANCE, ENERGY AND TECHNOLOGY, IN ADDITION TO INDIVIDUALS
Between 22 Feb.*- 7 Jul. 22 more than 8,500 sanctions have been imposed on Russia
The US, the UK and the EU account for 51.6 per cent of the sanctions against Russia after 22 Feb. 22**