World Bank's Malpass warns against hoarding of food or gasoline

WASHINGTON, March 14 (Reuters) - World Bank President David Malpass on Monday warned people and businesses against hoarding food and gasoline despite the surge in prices sparked by Russia's invasion of Ukraine and massive sanctions imposed on Moscow.

Malpass told a virtual event hosted by the Washington Post newspaper the sanctions would have a bigger impact on global economic output than the war itself. But he said that based on current assessments, he does not anticipate the crisis ending the global recovery and reducing global GDP.

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-Rurik