It was actually a rug polling when in 2020 the pandemic hit the world and gradually crippling into all aspect of the economy because nobody or few people imagined it but yet not prepared for it. I believe that since three years ago, the world has felt worse economic downturn more than it has felt 10 years ago. If you have a close look at the inflation indice from the year before 2020 , you would see a decrease but it has increased after that.

https://www.macrotrends.net/countries/WLD/world/inflation-rate-cpi#:~:text=World%20inflation%20rate%20for%202022,a%200.23%25%20decline%20from%202018.