The Christmas season festivities will soon die down, and people will go back to reality, as it were. Reality, for most people, is to face the challenges that were temporarily put on hold because of the holidays. Know more:
The Christmas season festivities will soon die down, and people will go back to reality, as it were. Reality, for most people, is to face the challenges that were temporarily put on hold because of the holidays. In spite of what they are experiencing, most people would have said,Nevertheless, that limit cannot be pushed further if they will continue to face rising prices of sugar and onions.
A World Health Organization announcement regarding the end of the pandemic could help reprioritize resources towards lessening, or even totally removing, mobility and goods restrictions. This will be boosted by China’s full reopening that could reignite global trade with its factories going back to produce for the world. This reopening will, in turn, address supply bottlenecks and shortages to ultimately help lower supply-induced inflation.
These global and local economic conditions should be seen as impetus for governance to be taking a headway. Lower global prices do not mean they will remain the same. While we could benefit from it now, there should now be a recognition that being connected to the global value chain must also mean that we are domestically secured in terms of our food and basic necessities—things that matter the most to our daily grind.
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