Post
Topic
Board Economics
Re: Fuel prices hitting an eight year high
by
livingfree
on 30/08/2022, 08:50:05 UTC
We do not expect gas prices to ease this year. Because of the Russia-Ukraine war. And also the World Bank  warns the global economy may suffer 1970s-style stagflation. Even electric vehicles and green energy have their own disadvantages; they need high expenses and high technology, so they will take time.
It's far from easing this year. I thought that we'll have the series of roll backs but it seems that it won't be on a spree. There's another round for the price hike for this week.

So the government should initiate temporary solutions like reducing tax rates etc.
They are increasing the interest rates and that's what it should be. I just hope that most countries don't give that much aid or free money ever again because that's where the economy falls.

Look at the countries where they've got that much free, it's not sustainable but I admire those countries that are able to sustain it and gets a budget for those free money they give out.