Re: Why is Inflation Happening All Over the World At Once?

Quote from: Davidvictorson on March 06, 2023, 04:58:55 PM

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

As far as I am concerned, I think that that is because of COVID-19 virus that made people conditions worse and in future it may impact more..
And I can see that there are some natural Disasters than we have ever seen. And Like Earthquake In Turkey, Wars like In Afghanistan, Yemen, Iraq and also Floods like In Pakistan and that was disaster for the Third Wolrd countries and that is concerning and insane too.