highlights
LIVE Global Economy Updates: The global economy is facing massive headwinds over inflation, recession, stock market crash, and currency depreciation across countries. Welcome to WION live blog on the world economy and business.
The global economy has been exacerbated by a perfect storm of Covid pandemic, the Russia-Ukraine conflict, and tussles between China and the West. The Organisation for Economic Cooperation and Development has predicted that the world economy will grow 3 percent this year, much less than the 4.5 percent expected earlier.
Here’s a ready reckoner of what this live blog will cover:
Cost of living crisis
The pandemic and war in Ukraine have triggered a global cost-of-living crisis, rapidly putting a dent in household budgets. From New Zealand to Nigeria to the UK, food prices have gone up and incomes have fallen. This has…
