Global economy will take decades to recover from Ukrainian crisis — Xi Jinping
The Chinese leader noted that many countries were alarmed because the crisis had already exerted a negative impact on the financial and energy sectors, trade and global production chains
The global economy will take years and even decades to recover from the consequences of the current crisis if the situation in Ukraine continues to decline, Chinese President Xi Jinping said, addressing a China-EU video conference summit on Friday.
“The expected recovery will take years, more than ten years and even decades if the situation continues to decline,” he said, as cited by the Xinhua news agency.
According to Xi Jinping, all parties need to appreciate the global economic structure that took decades to establish. He noted that many countries were alarmed because the crisis had already exerted a negative impact on the financial and energy sectors, trade and global production chains.
The summit also involved European Commission President Ursula von der Leyen, European Council President Charles Michel, EU top diplomat Josep Borrell and Chinese Prime Minister Li Keqiang.
