Right Timing， Right Place with Right People
31 Jul 2022
Last year was a difficult and remarkable year. In the context of the global economy being severely impacted by COVID-19, the sudden escalation of the Russia-Ukraine conflict in February 2022, compounded by supply chain bottlenecks and labor shortages that persisted since the outbreak of COVID-19, the inflation rate in most countries around the world further climbed up. CPI data of the United States during April to June 2022 also rose beyond market expectations, central banks led by the United States around the world have to increase interest rate to ease the inflation. The declining market liquidity and the fear of recession contributed to the plummeting stock market.