All the countries are going through a hard time by the fall of covid-19.
The COVID recession is over, the new recession due to the NATO-Russian war is the one that's affecting the economy and bitcoin price.
The "COVID Recession" never truly started in most regions around the world because they pumped their economies with cash through BRRR-Money-Printing and/or government spending during lock down.
The "New Recession", which hasn't truly started, isn't because of the war. It's because of the tightening and rate hikes that the Central Banks currently need to do because of their BRRR-Money-Printing and government borrowing during COVID.