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The economic impact of the conflict will affect Europe more due to its high energy dependence on Russia
The ukrainian war might reduce the growth of the world economy on a point percentage during the first year and increase inflation scheduled in 2.5 pointsaccording to Organization for Economic Cooperation and Development (OECD)if the effects of the war on the energy and financial markets last.
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This impact on the world economy will be particularly important in Europefor the high energy dependency of Russian oil and gas.
In a report published this Thursday, the OECD has detailed that in the Euro zone the conflict will subtract 1.4 points to gross domestic product (GDP); Meanwhile in United States will drop about 0.9 points. For its part, the russian economy -which faces the her possible first bankruptcy or ‘default’ in more than a century – will suffer a 10% crash.