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Home Economy

Economic consequences ‘still highly unpredictable’

Ursula Curtis by Ursula Curtis
March 10, 2022
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Economic consequences ‘still highly unpredictable’
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DIT is a British government organization responsible for promoting the international expansion of British companies and attracting foreign investment into the country, equivalent to AICEP.

Joao Sebastiao, when asked about it, says the conflict between Russia and Ukraine “has obvious side effects,” noting that citizens are already feeling the impact in terms of energy.

“The consequences are still very unexpected,” added Joao Sebastiao, who coordinates the Southern Europe region that includes France, Italy and Spain, as well as being the director of DIT in Portugal, because everything is still “very recent.” Greece, Cyprus and Israel.

Prior to this conflict, there were “reasons to be optimistic”, given the prospects for economic growth in Europe from 2021 to 2026.

Given that this invasion is a “point of interest for the whole of Europe”, Joao Sebastiao hopes that “common sense prevails”.

In the early hours of February 24, Russia launched a military attack on Ukraine that left at least 406 dead and more than 800 wounded among the civilian population and caused more than two million people to flee to neighboring countries, according to the latest data. United nations.

The Russian invasion was condemned by most of the international community who responded by sending weapons to Ukraine and tightening economic sanctions on Moscow.

Read also: Portugal and the UK have ‘close interests’


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Ursula Curtis

“Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast.”

Ursula Curtis

Ursula Curtis

"Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast."

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