Sandisk secure access 3.05/12/2023 With slower growth and high inflation, developed markets seem primed to enter into a recession. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Higher retail inflation will impact consumer confidence and spending. ![]() Food and fuel inflation will remain a persistent economic problem. ![]() The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. NEW YORK, Ma/PRNewswire/ - The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel.
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