Indermit Gill, Vice Governor of the World Bank, said on Tuesday that the continuous high oil prices caused by Russia's invasion of Ukraine may cause the growth of China, Indonesia, South Africa, and Turkey to reduce the growth of a total of a percentage point.Essence
According to Reuters, Gil is the deputy governor of the world's supervisor, the deputy governor of the World Bank, and the Deputy Governor of Finance and System. He said that the war will further frustrate the growth of emerging markets.Slow, and also facing the challenges of uncertain factors such as debt and inflation.
Gil said that it is estimated to be based on the upcoming report of the World Bank that if oil prices rise by 10%and continue for several years, the economy has less than 0.1 percentage growth rates in the development of imported commodities.
Over the past six months, oil prices have doubled.
"If the situation continues, the oil price factors may allow the growth rate of oil importing countries such as China, Indonesia, South Africa, and Turkey to drop one percentage point," he said. "Before the outbreak of the war, originally, it was originally the original outbreak.The annual growth rate of South Africa in 2022 and 2023 is about 2%, Turkey will increase by 2-3%, and China and Indonesia will increase 5%. "
The United States and the United Kingdom have imposed sanctions on Russia's energy on Tuesday on Tuesday, and further dealtRussia's aggression operation pressure.Russia warns that if Western countries are prohibited from importing oil from Russia, it will cause catastrophic consequences to the global market, and oil prices may rise to $ 300 or even higher per barrel.
