Due to inflation, 7 crore people around the world will become poor

New Delhi – Currently, many countries worldwide are suffering from rising inflation everywhere. The International Monetary Fund (IMF) has warned that an estimated 7 crore people in the world will become poor due to this inflation.

IMF Managing Director Kristalina Georgieva has expressed serious concern about rising inflation. The rate of inflation in the world has reached an all-time high. At the same time, the ongoing war between Russia and Ukraine has exacerbated it. Most poor countries are facing inflation above 5 percent. The inflation situation may worsen in the coming days. She has also expressed fear that it may create social instability in many countries.

India’s growth forecast has come down due to rising inflation by the Asian Development Bank. The bank has reduced India’s growth rate to 7.2 percent for the financial year 2022-23. Earlier this growth rate was kept at 7.5 percent. Due to the fear of economic recession, big companies around the world have frozen hiring.

The year 2022 will be difficult and the year 2023 would be even more difficult – IMF

The year 2022 will be difficult and the year 2023 would be even more difficult. IMF Managing Director Kristalina Georgieva has stated in her blog that people will not get relief from inflation any sooner.

Editorial viewpoint

Saints have time and again predicted that even greater adverse times would come. To survive such severe adverse times people need to do spiritual practice.

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