Global Trade Is Already Suffering From War, Kiel Institute Says
- German think tank sees export declines for nearly all nations
- Russia faces largest hit to trade growth due to sanctions
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Nearly all economies are already seeing a drop in international trade tied to disruptions triggered by Russia’s war in Ukraine, according to the Kiel Institute for the World Economy.
The new report Monday from the German think tank shows Russia is being hurt the most by the sanctions -- with a projected 11.8% drop in exports in February compared a month earlier.