Fears are increasing about the continuation of the inflationary wave that swept the world during the past few weeks.
What experts are saying🤷♀️ Economic expert Mohamed El-Erian pointed out that repercussions resulting from this inflationary increase threaten to drive out some developing countries from economic convergence in the long run.
Federal Reserve Chairman Jerome Powell stressed that inflationary pressures “are likely to continue for a longer period than previously expected,” indicating that they may continue until next year.
Jack Dorsey, founder & CEO of Twitter, warned that things will get much worse as a result of hyperinflation, explaining that inflation will escalate around the world.
Why is this important🤔 The wave of inflation started recently as a result of the huge rise in energy & gas prices, along with an increase in demand for goods & merchandise, in exchange for a shortage of supplies as a result of the energy crisis.