The world economy is in the grip of recession

The world economy is in the grip of recession

In the first quarter of 2020, the whole world was in lockdown. Naturally, the economy of almost all countries contracted. The world is in recession. The world economy has largely recovered since then, but analysts have warned that the footsteps of recession are once again being heard. The biggest concern is inflation. Central banks in developed countries have used the most ineffective means of combating inflation, that is, raising policy interest rates. But it is disrupting the life of the economy ie the demand itself. Wall Street almost teetered on…

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