I would like to share the contents of the article of Chinanews posted on February 28.
2022 is shaping up to be a year of drastic economic upheaval.
The boom of COVID recovery is coming to an end.
Western nations who have spent trillions of dollars on stimulus packages in order to bounce back are now experiencing daunting levels of inflation as growth rates recede, forcing prospective interest rates rises on the horizon.
This is coupled with the background of the crisis between Russia and Ukraine, which has created global market turmoil, pessimism, and sent energy prices soaring.
In a nutshell, if 2021 was a year of recovery and optimism, 2022 looks to be another bleak outlook.
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