Re: Why is Inflation Happening All Over the World At Once?
Why does inflation in one country or continent affect the others. Why does it seem like the whole world is experiencing a global economic downturn all at once despite having different economies, different policies, different politics? Here's what I mean from these news headline
- Major fears are sweeping into Israels economy
- Stubborn inflation will remain at a very high level, German central bank president says
- Saudi Arabia drops $5 billion in Turkeys central bank to help its struggling economy
- U.S. inflation is likely far stickier and could last a decade, Bill Smead says
- Inflation resurges to 21.82 % over rising food prices
- Sky-high prices burn Indians pockets, drag savings to 30-year low amid K-shaped recovery
- Major fears are sweeping into Israels economy
- Stubborn inflation will remain at a very high level, German central bank president says
- Saudi Arabia drops $5 billion in Turkeys central bank to help its struggling economy
- U.S. inflation is likely far stickier and could last a decade, Bill Smead says
- Inflation resurges to 21.82 % over rising food prices
- Sky-high prices burn Indians pockets, drag savings to 30-year low amid K-shaped recovery
Mostly due to Russo-Ukrainian war I guess. Germany has issues due to increasing energy prices, US has issues because it's spending billions on military support of Ukraine. Turkey's economy was ruined even before the pandemic started. Can't comment on Israel and India I have no idea what's going on there.
