SURFEIT

  As soon as the pandemic went away all over the world, the Russia-Ukraine battle started. Its influence weakens the wheel of the world economy. Due to this war, global economic growth has declined. Global economic crisis and unrest, global export-import systems, global production systems, and the supply-and-demand chain have been hindered, the impacts of which have been reflected upon all countries more or less. However, due to these worst impacts, the worldwide inflation rate is increasing, and almost all countries are facing its severe consequences. Inflation arises in the world economy when the global production level declines while the monetary supply increases. To fulfil the consumption level of essential products, the price/cost of those essential products increases sharply, and this kind of economic condition is defined as “inflation.” However, there are many conspicuous reasons behind the increasing level of inflation worldwide. The first one is the lower production level ...