All, doing a 5 minute freewrite. Thank you for reading.
Ever since the economic crisis that hit the world hard in 2007, the state of the world had never recovered to the state it should be before 2007. Since that major hit, the world had been trying to recover but time after again, many events hit the world, making it hard for any recovery to actually hit full throttle before a jam break is needed in view of various crisis that happened.
Trade wars between powerhouse nations hurt the economy the most. While both parties want to get advantage over the other for their own benefit, the repercussions that come about were dire and small nations taking a bigger blow while the powerhouses could still hold up while involving in the trade war.
Various pandemic outbreak also put a setback on any form of financial recovery. with COVID-19 the one that made nations dig deep into their reserves to tide their nation through the pandemic.
Political unrest brought about by changing hands in leadership in nations also adds on to the already fragile situation.
Can the world finances truly bounce back to what it truly was? Only time can tell.
