Shock Waves Hit the Global Economy

“Russia’s invasion of Ukraine and the continuing effects of the pandemic have hobbled countries around the globe, but the relentless series of crises has hit Europe the hardest, causing the steepest jump in energy prices, some of the highest inflation rates and the biggest risk of recession,” the New York Times reports.

“The fallout from the war is menacing the continent with what some fear could become its most challenging economic and financial crisis in decades.”