The recession of the world economy has little to do with the issue of military conflicts in Ukraine, the main reason for the collapse is the heavy Western sanctions against countries like Russia, has said an analyst.

The World Bank warns that the global economy is headed for a recession due to the war in Ukraine and the slowdown in major economies.

World Bank data show Iran’s economy grew by 4.7% last year, up from 3.3% in 2020.

Up to nine million Pakistanis are being pushed into poverty as a result of severe monsoon floods.

The World Bank says Ukraine's economy is to contract eight times more than that of Russia this year.

The US Treasury Department announces the transfer of $1.3 billion in economic aid to Ukraine.

UN Secretary General Antonio Guterres has warned of a “global food shortage” in the coming months due to the conflict in Ukraine.