People are upset due to rising inflation around the world, protests are taking place in many countries

The burden on the pockets of people is increasing a lot due to non-increasing wages in the midst of continuous increase in the prices of food items and fuel.

The burden on the pockets of people is increasing a lot due to non-increasing wages in the midst of continuous increase in the prices of food items and fuel. Due to this there are widespread protests and strikes across the world.

food items and fuel (Fuel) Due to the non-increasing salary in the midst of the continuous increase in the prices, the burden on the pockets of the people is increasing a lot. Due to this, widespread protests across the world (Protests) And there are strikes. Opposition parties in Pakistan this week, nurses in Zimbabwe, workers in Belgium, Britain (UK) Railway employees, local people in Ecuador, pilots in the US and employees of some European airlines also reported rising inflation. (Inflation) demonstrated on the issue of After weeks of political instability, Sri Lankan Prime Minister Ranil Wickremesinghe on Wednesday finally declared the country’s financial collapse.

Russo-Ukraine war raises energy costs

Economists say that energy costs have gone up because of Russia’s waging war in Ukraine. At the same time, the prices of fertilizers, cereals and edible oil have increased. With rising prices, the gap between the rich and the poor is at risk of further widening.

Matt Graynor, head of inequality policy at the anti-poverty organization Oxfam, said the rich didn’t even know how much a packet of bread costs. He said that the global pandemic corona virus has increased inequality around the world. There will be more performances to be seen now.

Truck drivers strike in many countries

The eight-day strike of truck drivers in South Korea ended last week. They were demanding a minimum wage guarantee amid rising fuel prices. A few months ago, truck workers went on strike in Spain as well. In April, Peru had to impose a curfew after protests against rising fuel and food prices turned violent.

On the other hand, the International Monetary Fund i.e. IMF has reduced the estimate of the growth rate of America. It has said that the economy will not go into recession, although the IMF also made it clear that the economy will survive the recession with a very small margin. According to the IMF, the increase in rates by the central bank will have a bad effect on demand. Due to this, the estimates for the economy have been cut. Inflation in America is currently close to record high levels, due to which sentiments have also dipped.

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