We are witnessing the war in Ukraine and the humanitarian crisis that it has brought. In addition, the conflict is hurting the economy; oil prices have gone up, food prices worldwide are on the rise, and the President of the United States told the nation to prepare for food shortages. We see the eroding of the value of incomes while disrupting trade and supply chains. Here are the 3 key takeaways:
1) Support needed for refugees
2) Weaker economic growth, higher inflation
3) Energy & food price rises hitting the poor the hardest
