GLOBAL ECONOMY AT RISK

Massive negative impact on the world economy of the war on Ukraine with significant risks of destabilization in many regions and countries

1. Afghanistan: Experiencing major crisis
2. African countries: The external debt of many African countries has increased significantly in recent years, particularly with China, and spreads have widened considerably since the outbreak of the war in Ukraine.  
3. Armenia: Most at risk
4. Bangladesh: Number 3 importer of Ukrainian wheat
5. Brazil: Severe economic slowdown
6. Caucasus and Central Asia: Hardest hit regions because of their close ties with Russia and Ukraine
7. Chile: Severe economic slowdown
8. China: Should experience a major economic slowdown, due to the resurgence of the pandemic and the strict zero COVID policy.
9. Europe: The negative consequences of the war are obviously major within the EU itself. The war against Ukraine has been accompanied by a sharp rise in inflation under the pressure of food, energy and major commodity prices.  This rise in inflation is leading to significant increases in interest rates by central banks and a tightening of monetary conditions.
10. Georgia: Most at risk.
11. Horn of Africa: Increasingly destabilized
12. India: The third wheat producer in the world, has already decided to ban wheat exports…
13. Indonesia: The rise in palm oil prices as a result of the global shortage of vegetable oil caused by the war (Ukraine exports half of the world's sunflower oil) has led the country to block its exports. NUmber 2 importer of Ukrainian wheat. 
14. Lebanon: Experiencing major crisis. Number 9 importer of Ukrainian wheat
15. Libya: Number 12 importer of Ukrainian wheat
16. Malaysia: Number 13 importer of Ukrainian wheat
17. Middle East: Non-energy producing and food importing countries such as Egypt are weakened. Number one importer of Ukrainian wheat
18. Morocco: Number 7 importer of Ukrainian wheat
19. Nigeria: Increasingly destablized
20. North Africa: Sharp slow down
21. Pakistan: Already destabilized. Number 4 importer of Ukrainian wheat
22. Philippines: Number 10 importer of Ukrainian wheat
23. Sahel: Increasinggly destabilized
24. South Africa: Going through major social crisis.
25. Sri Lanka: Already destabilized
26. Sub-Saharan Africa: Risks are the greatest. The continent, which is experiencing strong demographic growth, is already the most affected by climate change, with prolonged droughts in East Africa. Several sub-Saharan African countries are heavily importing energy and food products, particularly wheat from Russia and Ukraine. 
27. Syria: Experiencing major crisis
28. Thailand: Number 11 importer of Ukrainian wheat
29. Tunisia: Number 6 importer of Ukrainian wheat
30. Turkey: Inflation has soared above 60%. Number 5 importer of Ukrainian wheat
31. Western Balkans: Economies are expected to lose significantly steam due to the war.
32. Yemen: Experiencing major crisis. Number 8 importer of Ukrainian wheat