War in Ukraine at 1 year: Pain, resilience in global economy

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War in Ukraine at 1 year: Pain, resilience in global economy
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In the year since Russia invaded Ukraine and sent prices for grain and energy soaring, inflation is starting to ease in wealthier countries. But the effects have hit emerging economies harder, and families and businesses are still struggling.

, major global suppliers for Africa, the Middle East and parts of Asia where many struggle with food insecurity. Russia also was the top supplier of fertilizer.In Egypt, the world’s No. 1 wheat importer, Rabie took a second job at a private clinic in July but still struggles to keep up withRabie said she cooks meat once a month and has resorted to cheaper byproducts to ensure her children get protein. But even those are becoming harder to find.

At least 40% of bakeries in the Nigerian capital of Abuja shut down after the price of flour jumped about 200%.“The ones still in the business are doing so at breaking point with no profits,” said Mansur Umar, chairman of the bakers’ association. “A lot of people have stopped eating bread. They have gone for alternatives because of the cost.”price of which has doubled“Fertilizer is vital because the land needs food,” said Jose Sanchez, a farmer in the village of Anchuelo, east of Madrid.

Inflation-whipped consumers began to balk at paying $22,500 for a 10-by-16-foot louvered pergola — kind of a gazebo without walls — that was sold through dealers. Sales sank last year. So Elmore pivoted to do-it-yourself models, selling directly to shoppers at a sharply reduced price of $12,580.

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