The Financial Times warned that the problems of the world economy undermine its development and threaten to stagnate. Among the four most pressing problems for the global economy are the difficulties of China’s economic recovery from the coronavirus pandemic, the policies of the US Federal Reserve, the high cost of living in Europe, and the risk of a food crisis in developing countries.

In this context, Robin Brooks, Chief Economist at the Institute of International Finance, said: “Now we are again afraid of a global recession, but this time it has become more than real.” Earlier, an International Monetary Fund report said that as politicians and business leaders travel to Davos, the global economy is facing what could be its biggest test since World War II. The Fund explained that the reasons for this lie in a number of factors, namely the coronavirus pandemic, the conflict over Ukraine and the continuing threat of climate change.