Quote from: lucates on August 06, 2022, 05:25:21 PM

Quote from: Upgrade00 on July 26, 2022, 06:54:33 PM

Quote from: gantez on July 26, 2022, 01:03:27 PM

...what is your thinking about the collapsing of world economy with highing inflation.

It's a difficult situation, but not to the extent of collapsing the world economy.
The lingering war would have lasting effects, as it was unexpected and many countries who were heavily dependent on either Russia or Ukraine got hit hard, and it would take a while, but they would recover and adjust.

The lockdown crisis is also a factor in the falling economies and would also take a while to recover from.

Both countries are very active in the world economy, so it definitely impacts the economy, no doubt. So it's taken a while for the economy to recover. It increases the inflation rate and suddenly increased the cost of living in every country. It may not collapse the world economy, but it will definitely make ordinary people's lives difficult all over the world.

Now another war is coming - and USA is going to support Taiwan - and will try to put sanction on China - like they tried to destroy Russia.
Now they all are in trouble and running here and there for oil and gas supply