Post
Topic
Board Economics
Re: High inflation is causing GLOBAL protests
by
sovie
on 26/11/2022, 23:10:03 UTC

Yes, it is undeniable that the economic crisis is getting worse after the war between Russia vs Ukraine. and it's true, if the war didn't happen it's possible that the global economy would improve slightly even if slowly for some countries. However, the problem of inflation still cannot be avoided even though the Russia vs Ukraine War did not occur. but certainly not as bad as today. because today's inflation is also part of the post-pandemic market shock. demand that suddenly soars after quarantine restrictions are lifted or after the pandemic is over. and supply cannot keep up with demand. an example is the demand for natural gas which has soared post-pandemic. although natural gas is available but still it is limited and cannot keep up with demand. coupled with the actions of several countries boycotting Russia. so that Russia also stopped shipping natural gas to several countries such as in Europe.
Be your own best advocate. Although everyone is complaining so much about about inflation but holiday shoppers are at the peak for the shopping.
I think many people are used to complaining all the time - but obviously they are shopping and dining out all the time even the inflation is at the peak.