INFLATION IN TIMES OF GLOBAL CRISES: CAUSES, CONSEQUENCES, AND METHODS OF COMBATING IT

Аннотация

nflation is a sustained increase in the general price level, accompanied by a decrease in the purchasing power of money. Under normal conditions, it can be moderate and even stimulate economic growth, but during periods of global crises, inflation often spirals out of control, causing serious harm to the economy and social stability. Global crises such as the COVID-19 pandemic, energy shocks, geopolitical conflicts, or economic sanctions intensify inflationary pressures on national economies around the world.