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Understanding the Effects of the Russia-Ukraine Conflict on the Global Economy

Author

Listed:
  • Vanina Adoriana Trifan

    (“Aurel Vlaicu†University of Arad, Faculty of Economic Sciences, Romania)

  • Komalpreet Kaur

    (“Aurel Vlaicu†University of Arad, Faculty of Economic Sciences, Romania)

Abstract

The present paper outlines how the Ukraine-Russia conflict has proven to be something beyond the humanitarian crisis. Since the war has started, the risks to financial stability are increasing, and the after-effects of Western countries’ huge sanctions against Russia can finally be observed and analyzed. The article sets the record straight by explaining in detail how the war between the two countries has caused the current economic crisis.

Suggested Citation

  • Vanina Adoriana Trifan & Komalpreet Kaur, 2022. "Understanding the Effects of the Russia-Ukraine Conflict on the Global Economy," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 180-184, September.
    • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:1:p:180-184
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    References listed on IDEAS

    as
    1. Juan C. Palomino & Juan G. Rodríguez & Raquel Sebastian, 2023. "The COVID-19 shock on the labour market: poverty and inequality effects across Spanish regions," Regional Studies, Taylor & Francis Journals, vol. 57(5), pages 814-828, May.
    2. Borjas, George J. & Cassidy, Hugh, 2020. "The Adverse Effect of the COVID-19 Labor Market Shock on Immigrant Employment," IZA Discussion Papers 13277, Institute of Labor Economics (IZA).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    global economy; ukraine-russia conflict; economic crisis; labour market; inflation rate;
    All these keywords.

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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