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The Times of India
The Times of India
Business
PTI

Ukraine war threatens another global recession, deglobalisation: RBI deputy governor

MUMBAI: The sweeping economic sanctions on Russia - the second largest producer of crude oil - following its invasion of Ukraine late last month can cull global and domestic growth along with the added pains of higher inflation and currency depreciation, RBI deputy governor Michael Patra has said.

And if the war lingers on, it can even lead to deglobalisation and even a recession, he added.

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