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The war in Ukraine has led to the largest commodity shock since the 1970s

Russian Ukraine conflict concept

The conflict is driving up global food prices and adding to central banks' woes

Territorial defense exercises amid the threat of a Russian military invasion of Ukraine. Military exercises for civilians in Kyiv, Ukraine

The economic consequences of Russia's invasion of Ukraine is aggravating an array of existing risks, the ESMA, EBA and EIOPA warn in a joint report

Russian Ukraine conflict concept

Negative shocks to drive rates higher and weigh on economic growth

FCA to review conditions that led to trading breakdown

responsible investments fossil fuels oil and gas energy sector

Cost, availability of critical metals for green technology affected by conflict

Wooden blocks with percentage sign and arrow up, financial growth, interest rate increase, inflation concept

War in Ukraine to have divergent effects on world's economies

Banks are increasing lending to strapped commodity traders, Fitch reports

oil pump

War impacts on other exports and higher costs for consumers will likely cancel out any benefits, a CIBC report says

  • By: IE Staff
  • March 21, 2022 March 21, 2022
  • 15:31

Commodities price shock clouds the economic outlook