"A crisis on top of a crisis." That is what Russia's war on Ukraine has created, said International Monetary Fund's (IMF) managing director Kristalina Georgieva at last week's meeting of the Fund and the World Bank, in a reminder that there is never only one crisis.
Among second-order crises, the most serious is the global food crisis that is now unfolding across the world. We have already seen some of the effects of this locally, in the form of higher prices for groceries and cooked food.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
