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How Russia-Ukraine Conflict can Affect the Economy?

Russia-Ukraine conflict escalation would cause 'devastating' economic damage. Here's a look at How the Russia-Ukraine conflict can affect the economy in detail in your presentation. <br><br>Follow Us For More Such Content:<br>Facebook: https://www.facebook.com/beingdigitalz/<br>Instagram: https://www.instagram.com/beingdigitalz/<br>LinkedIn: https://www.linkedin.com/company/being-digitalz/<br>Twitter: https://twitter.com/beingdigitalz<br>Website: https://www.beingdigitalz.com/<br>

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How Russia-Ukraine Conflict can Affect the Economy?

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  1. VIOLENCE CONFLICT ADVERSELY AFFECTS A COUNTRY’S ECONOMIC PROGRESS? • Countries that borders conflict zones suffer 2% • To 8.4% Loss in annual GDP growth • 1.5 % point decline in annual GDP • 1.7 % point rise in inflation

  2. RESOURCES SPENT FIGHTING WARS TAKE AWAY FROM SCARE RESOURCES FOR SOCIAL SERVICES Recurrent protracted conflict affects millions of people, discourages investors and decimates a country’s ability to rebuild its economy and institutions

  3. IT IS COSTLY TO MANAGE A CRISES Approximately $12 billion spends on refugees $8 Billion/Year for maintaining peacekeeping

  4. CONFLICT PREVENTION CAN BE COST EFFECTIVE • Besides saving millions of lives, it is • economically beneficial to countries • In the most pessimistic scenario savings of $5 billion per year • In the most optimistic scenario saving of up to $70 billion per year

  5. IS IT POSSIBLE TO PREVENT CONFLECT? • By targeting support to measures that address the underlying risks of violence conflict • By Being inclusive in building partnerships for peace and responding to issues raised by social groups • By providing continuous support to address risks early on, during conflict and after it ends

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