Topic: Will inflation in the world grow by 2023? (Read 770 times)

Quote from: Agbe on June 03, 2023, 02:28:43 PM

Reading the morning summaries of the newspaper, I came across an article that, according to forecasts, inflation will not remain within the limits of the predicted non-percentages, but will increase and grow, thereby creating economic instability in the world. Do you think it is worth relying on the opinion of economic experts? There have not been any official statements from banks by country yet, but the dynamics show that inflation is growing along with the annual rate of banks. But now it is quite high in all countries, respectively, the rise in price and instability in the markets should be expected or a slight increase in inflation is possible, which will not affect the economy of the world?

2023 is here now, and we can all see that the inflation is taking over the economy, this isn't limited to a country, but it's widely spread in the world.

We pray things get better

Of course, inflation will continue to grow this year, because the economic and food situation continues to deteriorate, the political situation in the world continues to be tense. Russia continues its war in Ukraine. By blowing up the Kakhovka HPP, Russia deliberately caused an ecological disaster, turning the fertile lands of Ukraine into a desert, which means that Ukraine will not be able to export agricultural products in the same volumes and in many countries the prices for products will increase. Now the Russian occupiers have mined the largest Zaporozhye nuclear power plant in Europe, as well as the Titan chemical plant, located in the north of the Crimean peninsula. In addition, the political leadership of Ukraine has already stated that, according to intelligence, the military received an order from the Kremlin to blow up the Zaporozhye nuclear power plant and cause a radiation leak. If world states do not take preventive measures against Russia, it will be fun. For many countries, hunger and radiation will be provided.

Now every country in the world is suffering from inflation. But we all know that the war in Ukraine and Russia is the main cause of this inflation. Though economic experts are trying to keep this rate at a sustainable level but they are failing and it is normal. Because when the price of a product increases in the international market, no import-dependent country can control it. However, the rate of inflation is not likely to decrease for the time being but it may rise further in the future. Moreover, if the oil producing countries reduce their production, then it is not possible to control it in any way. Because everything changes depending on the oil.

There is now a lot of inflation in all countries because of the war in Ukraine and Russia. I don't think that the damage caused by this war in Ukraine and Russia will be easily repaired. It seems that more horrors may take shape in the coming days. All the countries of the world are facing many problems because of the war between the two countries. Yes, I also think that everything depends on oil. If oil production decreases, the countries will fall into more losses.

gunhell16

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Inflation is man made. Inflation is manufactured by the wicked leaders and wicked people in the government that is causing it. In Nigeria everyone knows that two things cause inflation and these things are number is fuel. Whenever fuel price goes up then commodities price would be soaring to the sky of the eagle. Then another is the USA dollar if the dollar is higher than the country currency the prices of things will be soaring again. So any person who can control those in the government then the country be a very nice place to dwell. Inflation might not strong as this year. In my experience oo.

It's true what you said dude, when the leader of every country doesn't really care about his subjects the inflation average will increase quickly. But if the leader is good and has a lot of love for his people, he will definitely be able to keep the inflation rate low.

And it will keep the market price low which will not affect his constituents and will also raise the economy of the country he leads. But of course, if the leader is greedy and had no concerns for his country, the inflation rate will definitely increase in no time well many people will suffer in the end.

Wong Gendheng

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The threat of inflation that will continue to increase in 2023 certainly makes us have to prepare from now on, the best thing to avoid inflation is to utilize all the existing potentials, if we are always connected to the internet network, then use it optimally to be able to make money, being a reseller is an easy thing and does not require large capital.

kaseygriffin

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This needs to be considered according to many different factors and it is not possible to make an accurate prediction, if inflation increases sharply in 2023, then there is a high probability of an increase in prices and the possibility of instability in the market. This can affect the world economy, however, the extent of the impact will depend on many factors, including political stability and the measures that countries and economic organizations have can be done to deal with inflation. But it is true that some things have changed dramatically from the fluctuations of recent years, I have clearly noticed that the cost of living in the family has increased significantly, but the salary earned has increased relatively little, like especially the capacity is not enough to meet the wishes, but indeed many common problems of people I also see are happening with me.

Unbunplease

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Quote from: Dimitri94 on June 24, 2023, 07:55:45 AM

Now every country in the world is suffering from inflation. But we all know that the war in Ukraine and Russia is the main cause of this inflation. Though economic experts are trying to keep this rate at a sustainable level but they are failing and it is normal. Because when the price of a product increases in the international market, no import-dependent country can control it. However, the rate of inflation is not likely to decrease for the time being but it may rise further in the future. Moreover, if the oil producing countries reduce their production, then it is not possible to control it in any way. Because everything changes depending on the oil.

Unfortunately, no country has yet taken steps to make inflation negative. Even in the U.S., the minimum inflation rate is 2%. This means that a rise in inflation is recognized as normal even in the U.S. I wonder what you would do if you were the government to lower inflation (really lower, not on paper)?

Minecache

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Quote from: Dimitri94 on June 24, 2023, 07:55:45 AM

Reading the morning summaries of the newspaper, I came across an article that, according to forecasts, inflation will not remain within the limits of the predicted non-percentages, but will increase and grow, thereby creating economic instability in the world. Do you think it is worth relying on the opinion of economic experts? There have not been any official statements from banks by country yet, but the dynamics show that inflation is growing along with the annual rate of banks. But now it is quite high in all countries, respectively, the rise in price and instability in the markets should be expected or a slight increase in inflation is possible, which will not affect the economy of the world?

2023 is here now, and we can all see that the inflation is taking over the economy, this isn't limited to a country, but it's widely spread in the world.

We pray things get better

Of course, inflation will continue to grow this year, because the economic and food situation continues to deteriorate, the political situation in the world continues to be tense. Russia continues its war in Ukraine. By blowing up the Kakhovka HPP, Russia deliberately caused an ecological disaster, turning the fertile lands of Ukraine into a desert, which means that Ukraine will not be able to export agricultural products in the same volumes and in many countries the prices for products will increase. Now the Russian occupiers have mined the largest Zaporozhye nuclear power plant in Europe, as well as the Titan chemical plant, located in the north of the Crimean peninsula. In addition, the political leadership of Ukraine has already stated that, according to intelligence, the military received an order from the Kremlin to blow up the Zaporozhye nuclear power plant and cause a radiation leak. If world states do not take preventive measures against Russia, it will be fun. For many countries, hunger and radiation will be provided.

Now every country in the world is suffering from inflation. But we all know that the war in Ukraine and Russia is the main cause of this inflation. Though economic experts are trying to keep this rate at a sustainable level but they are failing and it is normal. Because when the price of a product increases in the international market, no import-dependent country can control it. However, the rate of inflation is not likely to decrease for the time being but it may rise further in the future. Moreover, if the oil producing countries reduce their production, then it is not possible to control it in any way. Because everything changes depending on the oil.

I don't think the main cause of inflation is the war between Russia and Ukraine, not even the covid pandemic is the main cause. Inflation is a part of the economy, and it always comes back after each cycle, even if there is no epidemic or war, inflation still occurs. But this economic crisis has been aggravated by the effects of the covid pandemic and war.

Inflation still instills fear globally, but the impact is not the same across countries. In the US, inflation has also cooled down, but in the EU, it is still very high, and in my country, bank interest rates are also falling, showing that inflation is cooling down. But the OPEC reduction in oil production also makes me think it is very easy for inflation to rise again at any time.

Dimitri94

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Reading the morning summaries of the newspaper, I came across an article that, according to forecasts, inflation will not remain within the limits of the predicted non-percentages, but will increase and grow, thereby creating economic instability in the world. Do you think it is worth relying on the opinion of economic experts? There have not been any official statements from banks by country yet, but the dynamics show that inflation is growing along with the annual rate of banks. But now it is quite high in all countries, respectively, the rise in price and instability in the markets should be expected or a slight increase in inflation is possible, which will not affect the economy of the world?

2023 is here now, and we can all see that the inflation is taking over the economy, this isn't limited to a country, but it's widely spread in the world.

We pray things get better

Of course, inflation will continue to grow this year, because the economic and food situation continues to deteriorate, the political situation in the world continues to be tense. Russia continues its war in Ukraine. By blowing up the Kakhovka HPP, Russia deliberately caused an ecological disaster, turning the fertile lands of Ukraine into a desert, which means that Ukraine will not be able to export agricultural products in the same volumes and in many countries the prices for products will increase. Now the Russian occupiers have mined the largest Zaporozhye nuclear power plant in Europe, as well as the Titan chemical plant, located in the north of the Crimean peninsula. In addition, the political leadership of Ukraine has already stated that, according to intelligence, the military received an order from the Kremlin to blow up the Zaporozhye nuclear power plant and cause a radiation leak. If world states do not take preventive measures against Russia, it will be fun. For many countries, hunger and radiation will be provided.

Now every country in the world is suffering from inflation. But we all know that the war in Ukraine and Russia is the main cause of this inflation. Though economic experts are trying to keep this rate at a sustainable level but they are failing and it is normal. Because when the price of a product increases in the international market, no import-dependent country can control it. However, the rate of inflation is not likely to decrease for the time being but it may rise further in the future. Moreover, if the oil producing countries reduce their production, then it is not possible to control it in any way. Because everything changes depending on the oil.

irhact

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Quote from: koleusdat on June 06, 2023, 04:11:00 AM

Of course, inflation will continue to grow this year, because the economic and food situation continues to deteriorate, the political situation in the world continues to be tense. Russia continues its war in Ukraine. By blowing up the Kakhovka HPP, Russia deliberately caused an ecological disaster, turning the fertile lands of Ukraine into a desert, which means that Ukraine will not be able to export agricultural products in the same volumes and in many countries the prices for products will increase.

Without all this conflicts going on in the world like the Russian and Ukraine war, I still think inflation would have grown this year as well. Maybe the rate would had been slowly than what we're having but inflation will always be a problem we'll keep having since the government keep printing new currency into circulation and devaluing the dollars. Until the government stop printing we won't be free from inflation troubles.

Since it's a fact that the government won't stop printing money to solve their problems instead of doing other useful things we can only protect ourselves from the inflations by investing. Investing can be done in many ways to be profitable but buying Bitcoin is recommended.

Freddie Boyer

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Inflation is always and everywhere, deflation is impossible, so we need to get ready to spend more on ordinary products again. There is always an increase in prices in the world that no one can restrain.

It may be true that there are many factors that cause this to happen and happen, but what we need to pay attention to is whether we have any preparations for this if it happens again in 2024. why do I say that because everything can change at any time regardless of whether this has happened or is happening. Yes, there must be a repetition of events and the only difference is time.

Cookdata

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Quote from: Lubang Bawah on June 23, 2023, 10:37:26 AM

Quote from: mm2543363580 on June 03, 2023, 01:56:31 PM

Inflation will increase drastically in 2023 in my country in last 5 6 months inflation has increased by 10 fold .
People are suffering because of this there is food shortages and natural calamities are happening every year so in short situation is getting worse.
Currency is losing its value which is an add on to price hikes .

Can't imagine if inflation increases 10 fold, of course it makes money worthless but it's very difficult for us to get, I think the best thing to avoid inflation is to continue to increase the source of income, make sure you do a lot of things to survive, growing food crops, vegetables and fruit is the thing that must be done to avoid a food crisis.

Somehow, this is wrong, you will work for the rest of your life if you think multiple sources of income are the way to battle inflation. It is not a bad idea actually to source for passive income but it will have been better if you barricade your money into an investment after removing expenses and bills; Bitcoin is an example of an asset that triples at least every 4 years when you pay attention to it but that is not financial advice, there are other ones out there you can choose instead of working hard, it will not only affect your body system, your will age quicker than you will imagine.

I'm not sure if I have lived to see any country drawn by inflation in 10 fold, it is not realistic but Zimbabwe experience something close to that end and we all see how their economy crumble but of course that was due to bad leadership and I assume is not all country that has bad leadership, even if there is they are not that dip to increase by 10 folds.

Lubang Bawah

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Quote from: mm2543363580 on June 03, 2023, 01:56:31 PM

Inflation will increase drastically in 2023 in my country in last 5 6 months inflation has increased by 10 fold .
People are suffering because of this there is food shortages and natural calamities are happening every year so in short situation is getting worse.
Currency is losing its value which is an add on to price hikes .

Can't imagine if inflation increases 10 fold, of course it makes money worthless but it's very difficult for us to get, I think the best thing to avoid inflation is to continue to increase the source of income, make sure you do a lot of things to survive, growing food crops, vegetables and fruit is the thing that must be done to avoid a food crisis.

Ultegra134

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Reading the morning summaries of the newspaper, I came across an article that, according to forecasts, inflation will not remain within the limits of the predicted non-percentages, but will increase and grow, thereby creating economic instability in the world. Do you think it is worth relying on the opinion of economic experts? There have not been any official statements from banks by country yet, but the dynamics show that inflation is growing along with the annual rate of banks. But now it is quite high in all countries, respectively, the rise in price and instability in the markets should be expected or a slight increase in inflation is possible, which will not affect the economy of the world?

2023 is here now, and we can all see that the inflation is taking over the economy, this isn't limited to a country, but it's widely spread in the world.

We pray things get better

Of course, inflation will continue to grow this year, because the economic and food situation continues to deteriorate, the political situation in the world continues to be tense. Russia continues its war in Ukraine. By blowing up the Kakhovka HPP, Russia deliberately caused an ecological disaster, turning the fertile lands of Ukraine into a desert, which means that Ukraine will not be able to export agricultural products in the same volumes and in many countries the prices for products will increase. Now the Russian occupiers have mined the largest Zaporozhye nuclear power plant in Europe, as well as the Titan chemical plant, located in the north of the Crimean peninsula. In addition, the political leadership of Ukraine has already stated that, according to intelligence, the military received an order from the Kremlin to blow up the Zaporozhye nuclear power plant and cause a radiation leak. If world states do not take preventive measures against Russia, it will be fun. For many countries, hunger and radiation will be provided.

Covid-19 disrupted the global economy; from 2020 and onwards, inflation's growth was halted, and the current situation is the result of a paused economy along with the ongoing war.

The main concern is that the situation isn't improving at all. Inflation has supposedly slowed down, but in reality, whatever happens, prices will always be higher than they used to be. Thus, even if inflation's growth is halted, prices will remain the same without the necessary increase in salaries. On the plus side, I'm positive that we won't have another crisis with Covid-19 in the upcoming winter; the whole topic has really died down, and I'm hoping that it isn't brought back to the surface ever again. On the other hand, though, the war in Ukraine is continuing with unrelenting force and has minimal chances of stopping any time soon, disrupting the whole world in major export sectors.

Argoo

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Reading the morning summaries of the newspaper, I came across an article that, according to forecasts, inflation will not remain within the limits of the predicted non-percentages, but will increase and grow, thereby creating economic instability in the world. Do you think it is worth relying on the opinion of economic experts? There have not been any official statements from banks by country yet, but the dynamics show that inflation is growing along with the annual rate of banks. But now it is quite high in all countries, respectively, the rise in price and instability in the markets should be expected or a slight increase in inflation is possible, which will not affect the economy of the world?

2023 is here now, and we can all see that the inflation is taking over the economy, this isn't limited to a country, but it's widely spread in the world.

We pray things get better

Of course, inflation will continue to grow this year, because the economic and food situation continues to deteriorate, the political situation in the world continues to be tense. Russia continues its war in Ukraine. By blowing up the Kakhovka HPP, Russia deliberately caused an ecological disaster, turning the fertile lands of Ukraine into a desert, which means that Ukraine will not be able to export agricultural products in the same volumes and in many countries the prices for products will increase. Now the Russian occupiers have mined the largest Zaporozhye nuclear power plant in Europe, as well as the Titan chemical plant, located in the north of the Crimean peninsula. In addition, the political leadership of Ukraine has already stated that, according to intelligence, the military received an order from the Kremlin to blow up the Zaporozhye nuclear power plant and cause a radiation leak. If world states do not take preventive measures against Russia, it will be fun. For many countries, hunger and radiation will be provided.

Alisha-k

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