Food insecurity: If the Russia-Ukraine conflict affects the planting seasons in Ukraine, which seems quite likely, then the shortages of wheat and corn could become more acute. This wheat field near the village of Yakovlivka, near Kharkiv, was hit by an aerial bombardment recently. – Reuters
ESCALATING global geopolitical tensions arising from Russia’s invasion of Ukraine could spill over to Asia through sharper-than-expected increases in energy and other commodity prices.
However, Asian economies will be able to avoid “stagflation” even if the war in Ukraine prolongs till the end of the year, with some countries possibly able to play separate roles in helping to boost the global economy, according to leading economists, food and energy experts.
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