Major Impact of the Ukraine War on Harare, Zimbabwe

Saurabh Thakur

The impact of the war between the two largest producers of oil, cereals, iron & steel could be seen in all countries including Zimbabwe with respect to the supply chain. Ukraine-Russian war as estimated will result in weaker growth, high inflation and potentially long-lasting damage to the global supply chains.

In this article, we will discuss the major impact of the Ukraine war on Harare, Zimbabwe and the solutions if any to minimize the effect of the war on this region. 

  • Oil Driven Rising Inflation

Oil from Russia is not directly imported to Zimbabwe but due to the war between the two countries, the oil prices have increased affecting the whole supply chain globally. This has resulted in inflation affecting the economy of Zimbabwe as well.

  • Input Costs Driving Prices

As mentioned earlier, Russia and Ukraine are major contributors to the world exporting food items like wheat. Due to the war situation the export of such items has reduced/stopped resulting in hike in prices of food-items. If stats are to be believed then back in 2019 both the countries together contributed 25% or more of the world’s wheat exports.

  • Less Globalization 

The world trade is estimated to drop by 1% as per the reports shared by the World Bank Global Trade & Investment. These changes in world trade will definitely have a long-term impact further resulting in increased prices. 

  • Currency crisis

 The impact on the economy  due to the war will definitely weaken currencies around the world and Zimbabwe will surely be at loose in this situation.  

  • Weeked economy

As discussed, the whole economy is at stake because of the war. Rising inflation, lesser salaries are some estimated impacts that we all have to face at some level due to the war effect. 

Final Thought

War and its impact can not be controlled by us but we can reform the shopping preferences to minimize the effect as a way around the inflation-driven areas/costs/items. If you live in Zimbabwe then you can plan your shopping of daily use items online from online grocery shopping stores like ShopExpress, that offers quality products at best prices. Online offers can definitely help you with coping with rising prices due to inflation.

Source: www.shopexpresszw.com/impact-of-the-ukraine-war-on-harare-zimbabwe-25

Saurabh Thakur
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