The world will never move towards recession again - Part 3
Although the global economy has so far mostly recovered the repercussions of the ukraine conflict and Russian sanctions, the economic consequences in the future months will be a risk factor. europe is simply opposed to Russia's energy blockade. They are concentrating solely on coal. Nonetheless, support is rising for extending gas and oil limits, which account for 40% and a third of the continent's resources, respectively. On Wednesday, european Council Chairman Charles Michel reminded the european parliament that oil and gas-related measures may be required sooner or later.
To prevent the spread of the Kovit 19 pandemic, the Chinese government has severely enforced curfews and data-border controls. Meanwhile, the country's terrible state is stifling domestic spending and international trade. Hundreds of cargo ships have been stranded at the port for weeks, unable to offload their goods because Shanghai, the world's busiest container port, has been closed for more than two weeks owing to a curfew.
China is unlikely to meet its 5.5 percent growth target this year, according to Carsten Holmes, a Chinese economics researcher at hong kong University of Science and Technology. Because the Chinese republic is unlikely to revert to a state of zero government for the time being, the country's supply chains will continue to suffer. As a result, products prices will rise. The european Central Banks will be under pressure to boost interest rates as a result of this. Demand will determine whether or not this interest rate hike triggers a recession. They appear to be constantly powerful at the moment. As a result of recent Cowit 19 limitations in the West, demand for this specialty has skyrocketed.