The Russian-Ukrainian war contributed to higher inflation rates, as well as higher prices for commodities like oil, according to the Omani daily (vision).
In its editorial published today, Sunday, under the headline “Global Chaos,” the newspaper drew attention to the effects of the Russian-Ukrainian war on Europe, particularly Germany and France, as well as the unstable political climate in Britain. The newspaper also noted that the world economy is at a crossroads between efforts to reduce inflation rates by raising interest rates on the one hand, and between confused financial policies that some governments may pursue that could be disastrous.
She emphasised that while central banks are working hard to keep inflation rates as low as possible, financial and economic decisions are attempting to impose measures that support and motivate economic growth by raising production rates, luring in foreign investment, or expanding a variety of activities. However, these measures collide with an obstacle represented in inflation, which is increasing day after day in various countries, in addition to the problems that still exist in supply and supply chains, as a result of various crises around the world, especially the Russian -Ukrainian war.
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According to the Omani “vision,” the conflict between Russia and Ukraine increased inflation rates.
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