Even though the Russo-Ukraine War has made the World Economy Kocar-glazed, Who would have thought that China is called to be the war of world recession, can you? – Quintessence
BBC
Chinese President Xi Jinping
INTISARI-ONLINE.COM – The RUSSIA-UKRAINE WAR that started since 24 February 2022 made the world economy fall apart.
The International Monetary Fund (IMF) warns that inflation is now clearly a danger to many countries.
RUSSIAN WAR expected to further increase inflation, says IMF in its latest World Economic Outlook.
IMF warns that further tightening of Western sanctions against Russia to target energy exports will lead to a big drop others in global output.
IMF chief economist Pierre-Olivier Gourinchas said: War adds to a series of supply shocks that have hit the economy globally in recent years.
Like a seismic wave, the effect will spread far and wide through commodity markets, trade, and financial relationships.
In addition, CHINA also turned out to be the cause of the WORLD RECESSION.
An economist based in the United States (US) said CHINA risk triggering a worldwide supply-side recession.
Launch Express.co.uk , Tuesday (19/4/2022), responding to reports challenge in the heart of CHINA agriculture, Eli Dourado, a researcher senior in the Center for Growth and Opportunity at Utah State University, commented: It is very confusing to me that very few if any of you are frightened by the possibility of a side recession global offer.
It happened when CHINA continued its efforts to eliminate spread of COVID-19 with strict lockdown and border control.
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