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July 2, 2022 - 06:40 -- Admin

 

US Markets Lost up to 30% This Year Amid Soaring Inflation, Fuel Prices, Sanctions Backlash

 

The global economy started facing troubles during the coronavirus pandemic recovery, with countries reporting soaring inflation in November 2021. Woes exacerbated in 2022, with growing oil, gas and fuel prices, and were further worsened by the economic aftershock of anti-Russia sanctions.

 

The first half of 2022 was hardly a rally for investors, as global markets recorded drops not seen in over half a century.

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