Image via World Bank / Grant Ellis / CC BY-NC-ND 2.0
Mr. Malpass told an event hosted by the US Chamber of Commerce that Germany’s economy, the world’s fourth largest, has already slowed substantially due to higher energy prices, and said reduced production of fertilizer could worsen conditions elsewhere He said the economies of Ukraine and Russia were both expected to see a significant contraction, while Europe, China and the United States were seeing slower growth.
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