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.
The Ukraine crisis dominated world headlines in 2022, but it wasn’t the only global strife. Take a look back on major conflicts impacting lives around the world in the past year.
International travel seems to be on its way to post-pandemic recovery.
But new concerns are adding a few bumps. Inflation and a strong U.S. dollar have global consumers re-considering how far they can stretch their bank accounts.
With each passing year, the impact of climate change become more evident and extreme. Environmentalists say several alarm bells rang this past year all around the globe.
