High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. It’s not a untold story.
Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.
I think it depends on who governs the country. History might repeat itself whether be it on good term or the opposite depending on who leads. Here in our country, we are experiencing another turmoil because of failed leadership of the current administration, leading to another economic collapse which happened last year. We still haven't fully recovered from the decline last year due to pandemic, but here we are again, going through the same battle without gears.
In fact, this has happened years ago during the term of a president turned into a dictator. Our country hit the rock bottom during that dark era. Politics would absolutely always take part into the series of progress and decline of a country's economy. Hence, leadership would be the basis on whether or not the history recorded before would occur following the same pattern again.
In addition, another reason aside from the leader of a specific country, some external factors would also play a role in the progress or recession. The market flow in central bank and the investors could play a great part in the movement of the country's economy mas well.