Ever since the war has started between Russia and Ukraine, it has seen a deep impact on the global economy. In the year 2023, the world's economy was halved in the year 2021. Apart from Kovid, the biggest reason for this was Russia Ukraine War. In fact, the whole world suffered two -way losses during Russia Ukraine War. The first was closed in a way the supply of agricultural products from Ukraine. On the other hand, due to the restrictions on Russia, not only Europe but the supply of gas and oil in Britain and the rest of the world got into a dent. Due to which there was an increase in crude oil prices in the international market.
After all these actions, not only India or America and Europe, but the whole world became in the grip of inflation. Due to which, to control inflation towards all the big economy of the world, they started increasing interest rates aggressively. Due to which a lot of negative impact appeared on the global economy. Now when inflation figures have been reduced once again. Along with this, interest rates have been started to boost the economy cut in interest rates towards central banks of big countries of the world. After that again the war between Ukraine and Russia has become sharp. At the same time, Donald Trump has also jumped in the middle to stop this war.
For which he wants to deal with Minerals with Ukraine. For this, there was a talk between Jailonsky and Trump on Friday, but remained inconclusive. In such a situation, the doubt has increased once again that this war between Russia and Ukraine can be even faster. Due to which global Economeh is seen. Let us also tell you how much the global economy had happened due to this war last time and how much more damage is there in the days.
The war between Russia and Ukraine started in the early months of 2022. Which was a shocking incident for the whole world. That is also because the world living in the world was not ready for the results of this war. After going through the era of Kovid, all the countries of the world and global economy were running in revival mode. Ukraine and Russia are two countries that used to supply food, gas and oil in the world's large population.
After the attack on Ukraine, the supply in one part of the world stopped completely. On the other hand, Russia, including NATO and European Union including America, many types of restrictions were also imposed. Due to which crude oil prices reached the sky. In March 2022, the price of crude oil reached close to $ 140 per barrel. Due to which the prices of petrol and diesel started increasing in all the countries of the world. This was the reason that global inflation had reached the 7th sky.
According to IMF data, in the year 2021, the global inflation was at an estimated level of 4.7 per cent. Which increased to 8.6 percent in the year 2022. In the year 2023, the impact decreased slightly and was seen at 6.1 percent. Whereas in the year 2024, the estimated inflation was stated to be 5.4 percent. In 2025, both IMF and World Bank are telling the estimated inflation figures around 4.2 per cent. This means that global inflation is ready to come to the level of 2021 once again.
To reduce inflation, the central banks of all the major countries of Global Economy increased interest rates aggressively for about a year. So that demand can be reduced. The US Central Bank had increased the policy rate by more than 5 per cent during that time. On the other hand, the Euro Pian Union Bank had also increased by 4 to 5 percent. Interest rates increased from Bank of England and the rest of the world. If we talk about India, then RBI increased by 2.50 percent. Even after that, the interest rates were kept holding on the high note for several months. So that inflation can be controlled. Due to which, not only in countries but also in global inflation, inflation figures were less seen.
In order to reduce inflation, the economic growth from all the countries of the world compromised to an extent. Due to which the figures of global economy started coming down. Talking about the data, in the year 2021, the Global Economy of IMF was estimated at 6.6 percent. Which came down to 3.3 percent in the year 2023. This means that the global economy became half in just two years. In the year 2022, the world's estimated GDP came to 3.6 percent. According to the IMF, 2024 estimated GDP is expected to be 3.2 per cent and in 2025 also 3.2 per cent. It is clear from the data that the impact of Ukraine Russia War has not yet disappeared from the global economy. By the way, there are other reasons for the lowly of global economy. But the war of Ukraine and Russia has been causing great damage to the global economy for a long time.
After Trump's power in America, efforts to stop Russia and Ukraine War are seen intensifying. For this, a 45 -minute meeting was also held between American President Trump and Ukrainian chief Jailnsky. America has now changed its stance. The US wants a mineral deal in lieu of helping Ukraine. On which there was a conversation between the two on Friday. Trump also heard Jailonski very well. It seemed that the deal could not be done between the two. Now the biggest question is that if the war is more sharp and sharp between Russia and Ukraine, then what kind of impact can be seen on the global economy.
If we look at the IMF data, in the year 2025, the world can be an estimated GDP 3.2 percent. If the battle situation between the two countries appears to be more sharp, then the world can also move towards the Third World War. As Trump said that Jailonski is trying to go to the third world war. In such a situation, the spleen chain from the global economy will be seen disappearing once again. The effect of which will be seen on GDP. It is possible that the figures reach below 3 percent.
