FT: global economy facing a recession

The newspaper writes that the world economy could face a recession Financial Times.

China’s economic growth outlook has been hampered by lockdowns to stem the rise in cases, and the US Federal Reserve is in danger of turning welfare into a recession, the report said. At the same time, Europeans are suffering from rising costs of living and the situation is even worse in developing countries as there is a threat of food crisis.

The author states that each of these issues is “poisoning” the global economy, which is still recovering from the pandemic.

“We now fear a global recession again, but this time everything is more than true,” said Robin Brooks, chief economist at the Institute of International Finance, quoted in the material.

The newspaper concludes that to resolve this situation, economy ministers and officials must use all their skills to respond to difficult situations.

Formerly The Washington Post WroteHe said Western leaders’ growing fears over the global economic downturn made it difficult to impose new sanctions on Russia. In some developing countries, famine may begin depending on the current situation. In addition, energy prices continue to rise in the USA and Europe, which contributed to the highest inflation in the last 40 years. RP also added that despite the large number of sanctions imposed on Russia, the European Union continues to buy energy resources from Moscow and feed it with money.

Source: Gazeta


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