Due to the staggering humanitarian crisis, the military operation of Russia in the country of Ukraine has now been provoking a downgrade in the forecasts of the global economic growth.
The analysts and the experts have largely been downgraded the forecasts that are primarily owing to the prices of the volatile commodity, along with the disruptions in the supply chain along with the risks of the war of Russia and Ukraine had been worsening.
According to the reports, the crisis has not been derailing the expansion of the global economies but it has rather dented it, although, the high fuel and had been potentially been higher the costs of fertiliser is going to be weighing on the finances of the government down the road that have been potentially been limiting the spending of the planned capital.
The rating cut of JPMorgan that is followed by a similar cuts in the rating by the brokerage Credit Suisse (CS) previously this month, and India has been the most vulnerable to the price hikes in oil in the region of Asia.
The Credit Suisse had also said that, it is going to be looking for the opportunities for re-entering the market of India but is tactically going to be cutting the position of the company to the underweight from overweight.
