Home Markets How the Economy, Stocks, and Crypto Markets Could Recover

How the Economy, Stocks, and Crypto Markets Could Recover

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How the Economy, Stocks, and Crypto Markets Could Recover

This year, the global economy is in troubled waters with rising inflation and an impending recession. The United States, Europe and Asia face similar economic challenges as property prices soar, basic necessities become expensive, but wages fail to catch up. Additionally, gasoline prices have skyrocketed and the US government is struggling to contain rising costs. Although gasoline prices have fallen below $4.50 a gallon for the first time in two months, the problem is far from over. Stock and crypto markets are hitting due to unfavorable developments. Read here know how conflicts affect crypto markets in the first place.

The rise in gas prices can be attributed to the war between Russia and Ukraine. The dispute has crippled bargaining power as Russia supplies a large volume of gas to several European countries. Russia is the largest gas exporter in the European Union alone, and the EU consumes 40% of fossil fuels.

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How to revive the stock and crypto markets?

war and strife control the crypto stock market
Source: Pixabay

The global economy is under pressure as world leaders tackle everything but the elephant in the room. The elephant in the room is none other than the Russian-Ukrainian conflict that caused the price hike in the first place.

World leaders must first address the root cause before drafting guidelines on the economy. The rulers turned a blind eye to Russia and Ukraine, and Vladimir Putin went to war without significant consequences.

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President Joe Biden must get to work creating a treaty that would set commodity prices down. The ongoing conflict must first be resolved to stabilize the current and uncontrollable global macroeconomic pressure. Only then could things work themselves out by establishing a sustainable plan for the recovery of the economy.

All economic recovery plans will eventually fail until the conflict is settled and ended. Therefore, the only way to bring the economy, stocks, and crypto markets back is to end Russian aggression.

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