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Asharq Al-Awsat
Asharq Al-Awsat
Business
Cairo - Sabri Najeh

YOU WONT BELIEVE: Inflation expected to generate major crises worldwide - What They Never Told You

A woman holding her baby shops at a vegetable market amid the coronavirus disease (COVID-19) pandemic in Cairo, Egypt February 25, 2021. REUTERS/Mohamed Abd El Ghany

With the rise of inflation rates all over the world, the value of the foreign exchange reserves were affected in many countries, putting down the economies of emerging states, which mostly depend on imports to cover their daily consumption needs.

Given the economic developments in many emerging countries, including Egypt, experts told Asharq Al-Awsat that five major crises would result from inflation.

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