The world is paying a heavy price for Russia’s war in Ukraine.
It is a humanitarian disaster, killing thousands and forcing millions from their homes.
The war has also triggered a cost-of-living crisis, affecting people worldwide.
When coupled with China’s zero-COVID policy, the war has set the global economy on a course of slower growth and rising inflation
- a situation not seen since the 1970s. Rising inflation, largely driven by steep increases in the price of energy and food,
is causing hardship for low-income people and raising serious food security risks in the world’s poorest economies. 

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