Why are so many people feeling surprised about these recent currency value depreciations and other economy related issues? I expected this kind of stuff to happen primarily thanks to COVID.
Putin's messed up war basically added fuel to the fire which is why the global economy is collapsing slowly and steadily, but I am confident that it will recover soon.
I would not have been very optimistic about a short recovery time. In addition to the global change in the oil and gas market, changes in the industry follow. International logistics and many other related things will also change. It won't take 1 or 2 years. Plus, the highly probable development of an economic crisis in China is on the threshold. What will happen to the chairman of the CPC, re-elected 3 times, is a difficult question. As a rule, such "level" global problems ... with a war. Like their terrorist neighbor to the north. Will it be Taiwan, or Russia in a state of total impotence (economic, military, political) - the question is very complicated. If the United States, Britain and many other countries play for Taiwan, then no one will take a steam bath for the Russian Federation - for everyone, the loss of the Russian Federation from the map will only cause a sigh of relief ... And all this can happen in the next 5 years. Therefore, it is too early to be optimistic about the situation.