The COVID-19 pandemic, even though it's been a few years ago, still affects the world's economy! Countries borrowed lots of money to help people, causing higher debt.
Inflation (prices going up) was also a big problem. To fix it, banks raised interest rates (the cost of borrowing money). This made it harder for countries to borrow money.
- Many jobs were lost, especially for women.
- People work from home more now, so less commuting.
- Travel and spending habits changed.
| Impact | Details |
|---|---|
| Global Debt | Increased by 12% since 2020 |
| Inflation | Peaked in 2022 |
| Interest Rates | Raised by banks |
