Living in an age of disaster

Living in an age of disaster

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Author: Umair_Sher
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The Covid had not yet released its paws completely when the global order was hit by another adversity _ the Russian Ukrain war. Historically, such pendamics couple with warfare has always been proved wanton beasts for the headway of the world.

Living in a globally influenced world, the economic downturn continues affecting the developing countries since the war broken out. The dwindling economic activities have resulted in higher commodity prices, skyrocketing inflation, disrupted trade and supply chain, and increased the uncertainty of the investor. As a consequence, economists are expecting a slower economic growth for the year 2022-23. The economic groth is projected to fall down from 6.1% in 2021-22 to 3.9% in 2022-23.

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