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My focus of panic shifted from the job loss I suffered to the Russian Invasion in Ukraine. The plight of people who are suffering from the attack is blowing me off adding woes to my sleepless nights.
We know that war always threaten the economy of both the
countries and when a super power is involved, then it will definitely it will
impact the whole world. CNBC is saying that Russia’s Ukraine incursion could
complicate the Federal Reserve’s interest rate decisions. This is in global
perspectives, now at local perspective it will reduce my chances of fetching a new
job!!!
India and Russia are having good economic ties, there will
be impact. This conflict would disrupt global supply chains, putting upward
pressure on prices while pushing down economic growth in our country also.
There will be a price rise in every walk of life. The impact on the economy of
India will be much higher than what the country is faced during Covid-19 pandemic.
The very first impact as been in news is the rise of
petroleum products. This is certainly going to affect the cost of logistic
movements of products all over the world and India. Naturally the cost of
export and import will affect and also will impact the cost of local products.
Ultimately this disturbance will have a longer impact to our lives too!
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