Economic Headwinds Mount as Leaders Weigh Costs of Confronting Russia

BRUSSELS — The world economy is heading into a potentially grim period, as rising costs, shortages of food and other commodities and Russia’s continuing invasion of Ukraine threaten to slow economic growth and bring about a painful global slump.

Two years after the coronavirus pandemic emerged and left much of the globe in a state of paralysis, policymakers are grappling with ongoing challenges, including clogged supply chains, lockdowns in China and the prospect of an energy crisis as nations wean themselves off Russian oil and gas. Those colliding forces have some economists starting to worry about a global recession as different corners of the world find their economies battered by events.

Finding ways to avoid a global slowdown while continuing to exert pressure on Russia for its…

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