From the COVID-19 pandemic to the crisis caused by Russia's invasion of Ukraine, the economy in different parts of the world has been in decline, worrying experts and non-experts alike about the sighting of a possible recession, where disadvantaged communities pay the price of inflation.
During a panel organized by Ethnic Media Services, experts discussed why inflation can lead to an economic recession, as well as ways in which individuals and the government can prepare for these phenomena.
Chad Stone, chief economist at the Center on Budget and Policy Priorities, said that