Wartime macroeconomics
A fresh supply shock stemming from the war in Ukraine will deal a blow to the economic recovery from COVID-19. The energy and food sectors are especially hard hit.
World economic growth in the year ahead will now be more than 1 percentage point lower than previous projections, while inflation, already elevated at the beginning of the year, is now expected to be 2.47 pp higher than previous projections, according to OECD estimates.
The OECD believes a fiscal response targeting support for the more vulnerable of 0.5 pp of GDP could substantially mitigate the economic impact of the crisis without substantially adding to inflation.
See War in Ukraine: Economic and Social Impacts, and Implications for Policy
More related articles...
International Trade in Israel
Introduction International trade plays a pivotal role in Israel’s economy, enabling the country to overcome its limited natural resources and integrate into the global market.
WTO – The World Trade Organization
The WTO provides a forum for negotiating agreements aimed at reducing obstacles to international trade and ensuring a level playing field for all, thus contributing
Why Do You Need a Comprehensive Market Survey for Successful Goods Import?
Imagine being on the brink of your most ambitious business venture yet: importing a unique range of handmade ceramics from a small but incredibly talented
Shipping and importing products from China to Israel
In the vast landscape of global trade, there exists a bridge connecting two distant lands—one adorned with the intricate tapestry of ancient traditions, the other
TIR (Transports Internationaux Routiers, International Road Transport)
With over 66 countries using the procedure, the TIR system is the international customs transit system with the widest geographical coverage. Because the TIR Convention
Israeli Company Resilience Strategies in the US Market
Overview As the Israeli business community navigates uncharted waters due to the current military conflict in Gaza, companies selling in the US market find themselves
