Post
Topic
Board Economics
Re: The Taste of an Economic Downturn
by
Iroh
on 02/01/2023, 12:09:57 UTC
Generally, I would say in most part of the world, the ordinary man had greatly felt the impact of the hike in the price of foodstuffs. Inflation has been slowly creeping into our various economies and the hike in prices doesn’t affect foodstuffs alone.
 
Although, the prices of foodstuffs have significantly increased in my area, I think the price you’ve got to pay for a kilo of onions bulbs are ridiculously high.
I also think the prices of goods and services are somewhat increased during any festive season, perhaps due to the increased level of demand.

Overall, I think the ordinary man greatly feels the impact of the economic woes and downturns. I consider myself to be an ordinary person and my pockets have certainly felt the impact of the creeping recession and economic woes.