The current state of world economy does not fare well. It started with US raising interest rates several times, driving up the dollar and shrinking the value of various currencies. It was said that the increase in interest rates will cause recession shrink jobs thus leading to less consumption and thus dampening prices.
This is compounded with increasing fuel prices, reduction in production of OPEC food supplies due to the Ukraine war.
All ready various countries are showing signs of strain: China, which was the barometer of economic growth and progress; Europe is in recession
The more there is room for innovation and entrepreneurship The difficulties caused by pandemic saw the increase in number of millionaires
The world produces bilionaires every 30 hours. However, a million people sink into poverty every 33 hours
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