The Ukrainian crisis is dampening the economic outlook for most countries in the world, IMF Managing Director Kristalina Georgieva said, calling high inflation a clear and present danger to the global economy, AP reports.

According to her, the Ukrainian conflict contributed to the economic downturn in 143 countries, although growth will continue in most of them. The war has disrupted global trade in energy and grains and threatens to cause food shortages in Africa and the Middle East.

Inflation, which is forcing the world's central banks to raise interest rates, is a huge hurdle to the global recovery, Georgieva said.

She also warned of a fragmentation of the global economy into geopolitical blocs" as the West imposes far-reaching sanctions on Russia and China expresses its support for President Vladimir Putin.

In a world where war in Europe breeds famine in Africa; where a pandemic can circumnavigate the globe in a few days; where emissions anywhere mean sea level rise almost everywhere – the threat to our collective prosperity from disruption of global cooperation cannot be overstated, Georgieva said.