Ukraine war will have 'lasting consequences on global economy': IMF. Russia's invasion of Ukraine has sparked a massive humanitarian and economic crisis. Gita Gopinath, First Deputy Managing Director of the International Monetary Fund, tells France 24 the war will also have 'lasting consequences on the global economy.'

Putin‘s war on Ukraine is having a devastating economic impact. Countries across Europe face spiralling prices and shrinking markets. Our guests: Katja Gloger (Russia expert), Vendeline von Wedekind (The Economist), Vladimir Esipov (DW)

Stock markets in Shanghai and Hong Kong slumped on Tuesday, as investors fear the impact of the latest Covid-19 lockdowns on China's economy. Nearly 30 million people are now living under restrictions in the country, including in the technology manufacturing hub of Shenzen. Also today, Volkswagen has suspended production of vehicles at some plants in Germany over a shortage of parts that are supplied from Ukraine.

Stock markets in Shanghai and Hong Kong slumped on Tuesday, as investors fear the impact of the latest Covid-19 lockdowns on China's economy. Nearly 30 million people are now living under restrictions in the country, including in the technology manufacturing hub of Shenzen. Also today, Volkswagen has suspended production of vehicles at some plants in Germany over a shortage of parts that are supplied from Ukraine.

Putin's war on Ukraine is having a devastating economic impact. Countries across Europe face spiralling prices and shrinking markets. Guests: Katja Gloger (Russia expert), Vendeline von Wedekind (The Economist), Vladimir Esipov (DW)

Following independence in 1991, Ukraine's economic development was hamstrung by corruption, capital flight and a lack of reforms. Recent improvements are now being threatened by Russia's war in the country.

The Organization for Economic Cooperation and Development is warning that Russia's war in Ukraine will disrupt commerce and clog up supply chains, slashing economic growth and pushing prices sharply higher around the globe.

Amid supermarket food rationing, a truck drivers' strike over petrol prices and rising inflation in Spain, the country's economy minister tells FRANCE 24 that it's "essential" for Madrid to be allowed to take measures to bring electricity prices down. "We're working with the Commission to have an authorisation to decouple our energy market and thus stop this price increase […] It doesn't make sense that Spanish and Portuguese citizens do not benefit from the fact that we have for instance at least 50 percent of our generation from renewables. This is very cheap and clean energy and our citizens should benefit from these low prices," Nadia Calviño explains.

Costa Rica is considered a model country in Central America. But the pandemic and corruption have exacerbated inequality and poverty.

The war in Ukraine means a worsening of Poland’s economic outlook, an increase in inflation and possible stagflation. But it also means a big hole in the country’s labor market is being filled.

As more Ukrainians flee the Russian invasion, European governments are trying to meet the initial cost of supporting those refugees. One estimate puts the figure at $30 billion for this year alone. In this special show, we examine how a refugee crisis impacts the economy of host countries. Economist Emmanuelle Auriol from the Toulouse School of Economics shares her insights. We also speak to the founder of SEP, a group that's giving women refugees at the Jerash Camp in Jordan a fresh start through embroidery.

The World Bank has estimated Ukraine's economic output will almost halve this year, slumping 45% as a result of the war with Russia. DW discussed that with Dmytro Los, chairman of Ukraine Business & Trade Association.