Global Economy
Explore your 2022 recap • 2m 29s
2022 was the year the world got a rude awakening by something that had largely disappeared from many countries: inflation.
Just when the supply chain crisis that defined the early pandemic recovery started to ease, many policymakers were surprised when inflation proved “stubborn” instead of “transitory,” as the Federal Reserve had predicted. Then came the economic shock of Russia’s attack on Ukraine.
CGTN’s Owen Fairclough reports.
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