Says the invasion of Ukraine by Russia has lasting impact on global food and energy prices, on trade and supply chains, and on questions of nuclear safety.
NEW DELHI: “Our world is plagued by a perfect storm on a number of fronts, be it global economic crisis, climate disaster, conflict, violence and war,” said UN Secretary-General António Guterres while addressing the World Economic Forum at Davos, Switzerland.
He said that we see deepening inequalities and a rapidly unfolding cost-of-living crisis - affecting women and girls the most. Supply chain disruptions and an energy crunch. COVID-19 is still straining economies — with the world’s failure to prepare for future pandemics, that failure is straining our credulity, he said.
He further said that we are flirting with climate disaster. Every week brings a new climate horror story. Greenhouse gas emissions are at record levels and growing. The commitment to limit global temperature rise to 1.5°C is nearly going up in smoke. Without further action, we are headed to a 2.8°C increase. The consequences, of these, would be devastating, he added.
He said that the invasion of Ukraine by Russia has lasting impact on global food and energy prices, on trade and supply chains, and on questions of nuclear safety.
“The IMF has reported that dividing the global economy into two blocs could cut global gross domestic product (GDP) by a whopping $1.4 trillion,” he informed.