The War in Ukraine Is a Great Threat to the Global Economy

The Covid-19 pandemic forced countries all over the world to close entire industries and force the majority of people to stay in their own homes where possible, only leaving for the bare essentials.

Following the arrival of a vaccine economies began to open back up, however, restarting the behemoth-like supply chains was not as simple as first hoped and issues began to occur resulting in empty shelves and price-gouging on certain products. Experts believed it was all par for the course and was merely a transitory period whilst global supply chains regained their flow. Then Russia invaded Ukraine. Then China locked down Shanghai, the world's largest shipping port. Tanya Beckett takes a closer look at how these two developments have changed the outlook on global inflation. Producer: Christopher Blake Editor: Richard Vadon

Image: Shoppers at a market in Istanbul (Credit: Diego Cupolo/NurPhoto via Getty Images)