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Before the war, Ukraine had a highly developed infrastructure, representing 17% of its GDP. [281] Of the Ukrainian population, 100% had access to electricity, 94.9% had access to clean cooking fuel, about 47% had access to central heating, 89% had access to clean water, and 74% had access to the gas distribution network. [281]
As the Russian invasion of Ukraine continues, local agriculture experts share their experiences and what people might expect to see. War in Ukraine drives inflation, already stirred by coronavirus ...
NIESR research shows the crisis could erase $1tn off the world GDP by 2023, with UK GDP growth estimated to decline to 4% in this year.
The global food and energy price surges that have resulted from the war in Ukraine could push more than 71 people worldwide into poverty, according to a new report from the UN Development Program ...
Before the invasion, Ukraine accounted for 11.5% of the world's wheat crop market, and contributed 17% of the world's corn crop export market, and the invasion caused wheat and corn from Ukraine unable to reach international market, causing shortages, and result in dramatic rise in prices, [113] that exacerbated to foodstuffs and biodiesel prices.
Russia’s military incursion into Ukraine and the threat of a wider war are pushing energy prices higher, threatening the U.S. economic recovery while limiting the options available to the ...
Economic consequences of the Israel-Hamas war are already being felt, bringing back memories of the supply chain chaos and surging oil prices that exacerbated inflation after the Ukraine war.
Ukraine increased oil and gas production in 2023 up to 18.7 bcm. [128] In 2019, Ukraine was the 7th largest world producer of iron ore, [129] the world's 8th largest producer of manganese, [130] 6th largest producer of titanium, [131] and 7th largest producer worldwide of graphite. [132] Ukraine was the world's 9th largest producer of uranium ...