IMF is fearing shrinkage of top world economies including the United States, China, and the European Union. The Federal Reserve System raised interest rates to cool the raging inflation rates, luring investors into the US market and boosting the dollar's value. The dollar value appreciation resulted in escalating import cost for many countries, compelling the central banks to raise their own interest rates to safeguard their currencies. These factors are expected to significantly hinder global economic growth.
Russia's invasion Ukraine is putting a straining the global economy. The conflict between two countries has hampered trade of essential commodities and services, disrupting the supply-chain. Furthermore, Russia's ban on natural gas supply to many European countries is pushing the European countries deeper towards recession.
With the increasing number of Covid cases in China, the government has implemented strict lockdown policies to combat growing covid cases. Many global companies with manufacturing facilities in China are experiencing supply bottlenecks, further clogging the supply chain, and slowing China's economy.
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer