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Unraveling the 3D Global Crisis: Food, Energy, Finance
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9 months ago
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world crisis
global crisis
food crisis
energy crisis
finance crisis
rising energy prices
rising food prices
Countries and people with limited capacity to cope are the most affected by the ongoing cost-of-living crisis. Three main transmission channels generate these effects: rising food prices, rising energy prices, and tightening financial conditions. Each of these elements can have important effects on its own, but they can also feed into each other creating vicious cycles
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