The Covid-19 pandemic slowed down the world economy by messing up supply chains, but the real kicker to the world was Russia’s invasion of Ukraine, and the West’s response to it. Decisions by the West early in the invasion clearly helped Russia and decimated Ukraine, but no country and people will get off Scot-free. As oil and gas, and wheat prices skyrocket, coupled with supply chain problems with China, the world will soon welcome a global recession.
