Inflation Pangs Hound Businesses, House Across Nigeria

Rising Inflation since the beginning of 2022 has sent the global economy wobbling, driven majorly by an unusual mix of supply shocks associated with the Covid-19 pandemic and, later, the Russia-Ukraine conflict. 

From developed to emerging markets, multi-decades-high inflation and tighter monetary policy are threatening to tip the world into a recession by next year.

Recently, analysts at investment bank Morgan Stanley, in a series of reports said Britain and the eurozone economies are likely to tip into recession next year, but the United States might make a narrow escape