Op many countries has been faced with high level of inflation, all you mention are also contributing factors to the world economic crumble, the country that I came from is suffering form hardship not because we dont have the resources but because the government fail to do the needful right from when the country gained independence, although I can also say that covid-19 contributed to my country coomuc downfall but our leaders has deviated from governance to personal gains which is capable ruining the entire country well being if care is mot taken.
Harsh economic policy has also been a problem to us, during the inauguration of my country new president last year, the president announced the removal of subsidy which is not bad if things were put in place to curtail anything that may come as a result that decision.from last year till now there has been much hunger in the land, the youths and civil society organisations has been protesting to make the presidwnt tp change his mind but tp no avail for now.
Op your observation is right, personal my country economic woes is been caused by wrong economic policies and this is really bitting very hard.