The British newspaper "Financial Times" highlighted the state of the global economy. The British newspaper asked whether the world was on its way to a recession. It identified many dimensions of the economic problem that threatens the countries of the world.
The F. Times added China has suffered from restrictions aimed to eliminate the Omicron strain of the Coronavirus (known also as COVID-19). Also, the US economy suffers from the monetary policy of the Federal Reserve, which may eliminate hopes of recovery due to the bank's tendency to raise interest rates to curb inflation.
On the other hand, the European countries face repercussions of a sharp rise in the cost of living because of the Ukraine crisis,
The poorest countries across the world strive to cope with food and energy crises so the situation may reach the point of famine.
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