'Perfect Storm' In Food Prices Hits Asia's Outlook| MENAFN.COM

Wednesday, 29 June 2022 06:41 GMT

'Perfect Storm' In Food Prices Hits Asia's Outlook


(MENAFN- Asia Times)

In a recent report, the United Nations warned that surging food prices after Russia's invasion of Ukraine amounted to a“perfect storm” of risk to economic development in Asia.

The UN may be understating the threat.

On any list of descriptions that economists overuse,“perfect storm” is right at the very top. Except, of course, when no other expression will do in a region already reeling from Covid-19-related disruptions.

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