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The economic and financial effects on Latin America and the Caribbean of the conflict between the Russian Federation and Ukraine

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  • ECLAC

Author

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  • Bárcena Ibarra, Alicia

Abstract

The conflict between the Russian Federation and Ukraine has come at a time of great uncertainty in the world, relating to several factors: uneven rates of vaccination against coronavirus disease (COVID-19) and new variants of the virus; inflationary pressure and difficulty in maintaining fiscal stimulus packages; trade tensions and risks in the Chinese real estate sector; disruption of supply chains and rises in freight charges; and extreme events caused by climate change. The conflict will have an impact on the economies of Latin America and the Caribbean through several channels, but primarily the trade channel (with direct and indirect effects), the commodity price channel (including terms of trade and inflation issues) and the financial channel.

Suggested Citation

  • Bárcena Ibarra, Alicia, 2022. "The economic and financial effects on Latin America and the Caribbean of the conflict between the Russian Federation and Ukraine," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 47832 edited by Eclac, September.
    • Handle: RePEc:ecr:col016:47832
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    File URL: http://repositorio.cepal.org/handle/11362/47832
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    References listed on IDEAS

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    1. -, 2022. "Preliminary Overview of the Economies of Latin America and the Caribbean 2021," Balance Preliminar de las Economías de América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 47670 edited by Eclac, July.
    2. -, 2021. "Preliminary Overview of the Economies of Latin America and the Caribbean 2020," Balance Preliminar de las Economías de América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 46504 edited by Eclac, July.
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    Cited by:

    1. Stavros Kalogiannidis & Fotios Chatzitheodoridis & Dimitrios Kalfas & Stamatis Kontsas & Ermelinda Toska, 2022. "The Economic Impact of Russia s Ukraine Conflict on the EU Fuel Markets," International Journal of Energy Economics and Policy, Econjournals, vol. 12(6), pages 37-49, November.

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