Ukraine war ‘will mean high food and energy prices for three years’

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World Bank says biggest commodity shock since 1970s raises spectre of stagflation

and energy for the next three years, the World Bank has warned, intensifying fears that the global economy is heading for a rerun of the weak growth and high inflation of the 1970s.

 

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Food prices will go up, but it’s optimistic thinking they’ll ever be lowered. Once the public are used to the higher prices there’ll be little appetite to lower them

Buy rubles. You will need them soon

Did you mean to say forever? Prices will never go down to the original level.

Deaths in poorest countries.

Forever

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