From weather disruptions to food prices: a global warning for advanced economies

Sep 1, 2021

People wearing protective face masks shop at a fresh market, amid the coronavirus disease (COVID-19) pandemic, in Istanbul, Turkey April 26, 2021

The rise in the frequency and intensity of severe weather events could also have an impact on the economic performance of countries that are not directly exposed to the extreme events. Image: REUTERS/Dilara Senkaya

Jasmien De Winne

Writer , VoxEU

Gert Peersman

Writer, VoxEU

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Evolution of global real food commodity prices over time Image: IMF

Dynamic responses to a 10% increase in global food commodity prices Image: De Winne and Peersman (2021a).

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Effects of global food commodity price increases in advanced versus poor countries. Image: De Winne and Peersman (2021a).

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