Reading the morning summaries of the newspaper, I came across an article that, according to forecasts, inflation will not remain within the limits of the predicted non-percentages, but will increase and grow, thereby creating economic instability in the world. Do you think it is worth relying on the opinion of economic experts? There have not been any official statements from banks by country yet, but the dynamics show that inflation is growing along with the annual rate of banks. But now it is quite high in all countries, respectively, the rise in price and instability in the markets should be expected or a slight increase in inflation is possible, which will not affect the economy of the world?
2023 is here now, and we can all see that the inflation is taking over the economy, this isn't limited to a country, but it's widely spread in the world.
We pray things get better
Of course, inflation will continue to grow this year, because the economic and food situation continues to deteriorate, the political situation in the world continues to be tense. Russia continues its war in Ukraine. By blowing up the Kakhovka HPP, Russia deliberately caused an ecological disaster, turning the fertile lands of Ukraine into a desert, which means that Ukraine will not be able to export agricultural products in the same volumes and in many countries the prices for products will increase. Now the Russian occupiers have mined the largest Zaporozhye nuclear power plant in Europe, as well as the Titan chemical plant, located in the north of the Crimean peninsula. In addition, the political leadership of Ukraine has already stated that, according to intelligence, the military received an order from the Kremlin to blow up the Zaporozhye nuclear power plant and cause a radiation leak. If world states do not take preventive measures against Russia, it will be fun. For many countries, hunger and radiation will be provided.
Covid-19 disrupted the global economy; from 2020 and onwards, inflation's growth was halted, and the current situation is the result of a paused economy along with the ongoing war.
The main concern is that the situation isn't improving at all. Inflation has supposedly slowed down, but in reality, whatever happens, prices will always be higher than they used to be. Thus, even if inflation's growth is halted, prices will remain the same without the necessary increase in salaries. On the plus side, I'm positive that we won't have another crisis with Covid-19 in the upcoming winter; the whole topic has really died down, and I'm hoping that it isn't brought back to the surface ever again. On the other hand, though, the war in Ukraine is continuing with unrelenting force and has minimal chances of stopping any time soon, disrupting the whole world in major export sectors.