The Covid-19 Pandemic and now the War between the Ukraine and Russia are actually making the Global Supply and Demand getting worse. And because of that Countries have started limiting export which in turn makes the price of certain goods going very high.
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Recently India has banned the wheat export it chose to protect the food security for its population because of the inflation but the problem is that even though there is a ban on export the prices of wheat are not coming down in India and thus all because of the demand. As of now, there is not much of a demand for wheat in India and thus because of that, the prices are just staying where it was. And today a similar thing happened to Sugar, i.e. the Government of India ban the export of Sugar.
Now the problem is with these export bans the countries which were relying on food grains are in a spot. Their demand is high but due to the supply crunch, the prices are going really high. Also, the extreme weather condition happening all over the world is making a shortage of food grain. And these things are affecting the Stock Market too, for example with the Sugar export ban all the sugar companies will be facing losses and thus the market will come down.
And to be honest the problem we have currently is not going to solve soon because as the war is going on we will see the world getting into recession and more and more such supply and demand problems will occur. The market will continue to do badly for some time and thus the inflation would be eating people's savings.
If we have to pinpoint there is nothing someone could have done and this time is inevitable but the situation could have been better if the world leaders would have thought about the common man. For example, printing more money should be stopped as soon as possible along with an increase in the interest rate so that the buying power of people will be reduced and whatnot. If it does not happen soon then I think the dark days are ahead for us.
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This is the begining of the great recession, a lot of goods are now been over priced, and previously the digital market aka crypto currency and the forex market has been over pumped with inflated funds , i guess its time for the bubble too burst so only real projects survive.
Yes that will happen for sure, but for a common man it will be a tough time and thus we have to manage ourselves quite nicely now.
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