Price reduction is expected no earlier than 2023-2024.
Rising food prices < and energy resources will last until 2024 due to obvious problems in trade and production, the World Bank said in a statement, Bloomberg reports.
crisis of 1973, will exceed 50% in 2022, and then decrease in 2023 and 2024. Prices for agricultural products and metals are projected to increase by almost 20% in 2022, and to decline in the coming years to remain elevated.
X-years, ”said Vice President Indermit Gill.
According to the report, the war could lead to longer inflation and delays in the transition to clean energy as countries seek alternative trade routes and increase production. A sharp rise in energy prices and, as a result, the cost of fertilizers could lead to food shortages and slow progress in reducing poverty.
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< The Covid-19 pandemic and Russia's invasion of Ukraine have been key factors in the fact that headline inflation and the recession in the international economy have reached their highest levels in 40 years .
