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Canada: Ukraine: French growth begins to feel the weight of the war

‘It’s going to have a ripple effect’: How the war in Ukraine affects food prices everywhere

  ‘It’s going to have a ripple effect’: How the war in Ukraine affects food prices everywhere Russia's war has cut off exports of wheat and other food supplies from Ukraine, a huge global provider of food. That's leading to fears about food insecurity around the world.Some of the biggest – and hungriest – nations are dependent on shipments of grain from countries like Ukraine and Russia, which together account for a quarter of the world’s entire wheat exports.

La Banque de France a estimé que la croissance française devrait être amputée en 2022 de 0,5 à 1,1 point de pourcentage par rapport à la progression du produit intérieur brut (PIB) de 3,9% anticipée en l’absence de conflit. © Cyril Zannettacci The Banque de France felt that French growth should be amputated in 2022 from 0.5 to 1.1 percentage point in relation to the Progression of gross domestic product (GDP) 3.9% anticipated in the absence of conflict.

After the variant Omicron last month , it is the war in Ukraine that leads to a downward revision of the macroeconomic projections of France. The Banque de France considered that French growth should be amputated in 2022 from 0.5 to 1.1 percentage point in relation to the progression of the gross domestic product (GDP) of 3.9% anticipated in the absence of conflict . " for growth, the shock of the war is less heavy than that of Covid" , explains the governor of the Banque de France, François Villeroy of Galhau, in Le Parisien . Which tries to reassure: whatever the scenario, "until 2024, growth will remain positive, without recession."

Putin will ‘lose’ Ukraine war, Trudeau says, as Canada ups aid funding

  Putin will ‘lose’ Ukraine war, Trudeau says, as Canada ups aid funding Before taking aim at Vladimir Putin, Justin Trudeau announced a series of funding commitments, including $117 million to support Ukrainians trying to come to Canada. Since the full-scale war began on Feb. 24, more than two million people have fled Ukraine, according to the UN, and more than half of them went to Poland. Ottawa is also increasing its donation amount to the Canadian Red Cross’ Ukraine Humanitarian Crisis Appeal, and is promising to match up to $30-million worth of donations. The government originally promised to match up to $10 million, Trudeau said.

In a first scenario suggesting a $ 93-dollar oil barrel price stabilization, the Central Bank is a growth in 3.4%. If it was up to the $ 119, France's GDP would only increase by 2.8%. Knowing that the prices of the Brent as American WTI are extremely volatile, it is difficult to say which of the "conventional" or "gradient" scenario is the most likely. The barrel of Brent has been established for several days around $ 108, after reaching the $ 129 on March 8.

Inflation will also be affected by the Russian invasion in Ukraine. The Harmonized Consumer Price Index (HICP) should reach 3.7% this year, according to the first scenario, and 4.4% depending on the second.


Video: Oil: Variations on the same theme (France 24)

guest on Monday morning on LCI, the Minister of the Economy Bruno the mayor wanted to temperate. If he confirmed that the situation in Ukraine had

"a real impact" on French growth, he considered that it resisted and that his fundamentals remained "solid" despite everything. The government was until then a growth of 4% this year but it must be revised. "It will obviously be impacted by the crisis in Ukraine" , judged Bruno the Mayor, adding that the evaluation would be made "as soon as we have a clearer view of what can happen on the energy markets "

Russia’s capture of Europe’s largest nuclear plant in Ukraine raises global alarm

  Russia’s capture of Europe’s largest nuclear plant in Ukraine raises global alarm Ukrainian authorities reported Russian troops were stepping up efforts to seize the plant, which accounts for about one quarter of Ukraine’s power generation. The U.S. Embassy in Ukraine has called Russia's attack on a nuclear plant a 'war crime.

Yes, the crisis in Ukraine will have an impact on French growth. But what is striking is that it resists and it remains solid.

This is proof that all the economic and fiscal reforms made for nearly 5 years allow us to protect our economy.

pic.twitter.com/iskavio28d - Bruno The Mayor (@Brunolemaire)

March 14, 2022 A way for the executive to take into account the announcement of an

public grant to lower the price of fuel . This measure providing for a 15 cents per liter of fuel-financed fuel will come into effect on April 1st. It should save 9 euros for every full of 60 liters. It must extend until the end of July and should cost 2 billion euros to the public accounts. A cost partly offset by additional tax revenues from the outbreak of barrel prices. Thus, "Everything is returned to the French", according to the words of the Prime Minister. The opposition attacked the "electoist" aspect of this measure which will come into effect ten days before the first round of the presidential election.

NATO summit a chance to bolster Ukraine response, experts say. Here’s what to expect .
Prime Minister Justin Trudeau will join allied leaders in Brussels for an extraordinary summit on Thursday, where military aid to Ukraine will be a top priority.But while the summit will likely lead to new commitments for military and humanitarian aid to Ukraine, experts say harsher measures that could be seen as direct military engagement with Russia remain off the table. That's despite increasing international pressure to intervene in what's becoming a protracted and bloody conflict.

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