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Russia-Ukraine war could cause global recession, says World Bank Chief David Malpass

Shortpedia

Content Team
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David Malpass, chief of the World Bank. has warned that Russia's ongoing invasion of Ukraine could cause a global recession as the price of food, energy and fertiliser jump. He made the remarks while addressing a US business event on Wednesday, the BBC reported. Malpass also said that many European countries were still too dependent on Russia for oil and gas.