April 29, 2022 - 12:47 PM 245 views
Currently, the Russia-Ukraine war
and the coronavirus pandemic are the two biggest challenges to a global
economic downturn, as warned by US Secretary of State Janet Wallen on Thursday.
She further added that these two problems will definitely add challenges to the
She is confident
that, with the two biggest negative shocks, policymakers will definitely
understand how crucial it is to exit the economic downturn as soon as possible.
Countries will fare better if their economies are stronger and a
little less fragile.
She is confident that, policymakers will definitely design better
reforms and the best strategies to boost the economic strength if they keep
these problems in mind, such as increased understanding of supply chain
breakdowns, increases in commodity rates, asset bubble crashes, and increases
in labor and productivity costs.