Global Recession

Global Recession

In the world of inflation rate and uncertainties the world economy is heading to a global reset where the U.S dollar is at it highest debt inflation since world war 2. The since the dollar is the reserve currency everything that is effecting it will drive the price of commodities to sky rocket since all the commodities are priced against the dollar.

The COVID lockdown set the stage for global uncertainties since the dollar used Quantitative easing to fight against COVID-19 and no one expected that after the COVID-19 virus that the world would be heading to a second coldwar where Russia and NATO are planning to start a third Worldwar. The world was hoping that after the COVID-19 virus G7 countries would be planning to stabilise the global economy but they set the stage for a second coldwar after they ignored the Minsk agreements and sanctioning Russia while causing hyperinflation as Germany was cutting of gas access from Russia while hurting their economy and the west governments as Germany is the richest economy in the ECB affecting global growth and globalization.

The hardest economies that are affected by the European war are not at Europe their at Africa, middle East and South Asia. The one of the most effected economy is Sri Lanka and Afghanistan. Sri Lanka economy is in a recession already while the whole nation is seeking oil for it citizens and businesses and Afghanistan was already weaken with 20 years of war and now it has been hit buy 2 earthquakes while it government funds are reserved at the U.S government just like in Libya where it has no government it funds a held at UK and the U.S.

Will the world find a deplomatic agreement ? While every country in the world is struggling to stabilise their economy. Developing countries are the one that will be most effected the the war in Europe.