Oil, commodities price shock could cost over 4% of global GDP, Trafigura says

Soaring prices of commodities from oil to wheat in the wake of Russia's invasion of Ukraine could cost the global economy the equivalent of at least 4% of gross domestic product, commodities trading major Trafigura said on Wednesday.

This article was originally published by Reuters on the 9 March 2022.

Read the full article: https://www.reuters.com/business/oil-commodities-price-shock-could-cost-over-4-global-gdp-trafigura-says-2022-03-09/