Read & Share: Inflation Projections and the War in Ukraine
Inflation Projections and the War in Ukraine
In addition to the humanitarian catastrophe, the war in Ukraine has also triggered an inflation crisis that is affecting people all over the world. As this infographic based on the latest OECD Economic Outlook shows, the impact of rising consumer prices is being especially felt in Europe and countries neighboring Ukraine. For Lithuania, OECD analysts project an inflation rate of 15.6 percent for 2022 – compared to the previous forecast from December 2021, this is an increase of 12.4 percentage points.
Rising inflation, largely caused by a sharp increase in energy and food prices, is causing hardship for low-income people and increasing food insecurity in the world’s poorest economies. According to the OECD, pressures on supply chains and commodity prices are expected to gradually ease by 2023, and the impact of rising interest rates should also be felt by then. Nevertheless, core inflation is projected to be maintained in many major economies by the end of the year.
Do you want to vet a business opportunity? Is there an anticipated commercial dispute? Is a second legal opinion warranted? Grab 15 minutes with me, and I will work with you to understand your situation and provide my thoughts based upon successfully representing business owners for almost 25 years. You will receive a confirmation with a Teams Meeting invitation after you pick a time for our discussion. You can also reach out to me at firstname.lastname@example.org.
Have an interesting, fast fact for a business audience? Please send and share it with our 1,600+ subscribers. Click here to subscribe to Read & Share and receive fast facts delivered weekly.
ABOUT MIKE MERCURIO
Mike Mercurio | email@example.com | 301-575-0332
Michael N. Mercurio is a leading attorney in the field of mergers and acquisitions (M&A). He serves as outside general counsel in buy-side and sell-side M&A, as well as in all business law and real estate law matters. As a strategic partner to firm clients, Mr. Mercurio regularly counsels entrepreneurial individuals and assorted entities on the many challenges, issues, and opportunities companies face throughout the business lifecycle—from start-up to eventual exit.
ABOUT OFFIT KURMAN
Offit Kurman, one of the fastest-growing, full-service law firms in the United States, serves dynamic businesses, individuals and families. With 17 offices and nearly 250 lawyers who counsel clients across more than 30 areas of practice, Offit Kurman helps maximize and protect business value and personal wealth by providing innovative and entrepreneurial counsel that focuses on clients’ business objectives, interests and goals. The firm is distinguished by the quality, breadth and global reach of its legal services and a unique operational structure that encourages a culture of collaboration. For more information, visit www.offitkurman.com.
DELAWARE | MARYLAND | NEW JERSEY | NEW YORK | NORTH CAROLINA | PENNSYLVANIA |SOUTH CAROLINA | VIRGINIA | WASHINGTON, DC