A global economic slowdown occurs when economic growth declines across multiple countries, leading to lower productivity, reduced investment, and higher unemployment. Including geopolitical conflict, war trade tension and political instability. e.g. the Russia and Ukraine war, disrupt the global market, causing uncertainty in investment trade.
What policies can be implemented to stabilize global trade and reduce the impact of geopolitical conflict on the economy.?
It is increasingly complex and what is happening now has caused economic growth to decline quite significantly. I see many small and medium businesses have to close down because purchasing power is decreasing and that is a major effect on the lower middle class because there is no balance in making money among the community.
The impact of geopolitical conflict does play a much bigger role because based on policies issued by the government it can hinder the economic growth of a country and this is the life we live now without any certainty.