The Risk of a Recession from the Recent Economic Distortions
Economists are warning the globe against an imminent economic downturn exacerbated by a combination of different factors in recent times. Besides the covid-19 pandemic that left the global economy feeble, the unprecedented rise in the global fuel prices arguably due to climate change, and the Russian invasion of Ukraine, has further increased inflation as prices for food and other essential goods and services increase(Griffiths). Although the greatest impact has been