Analysis on the Global Inflation Crisis under COVID-19 Pandemic and Ukraine Conflict

Abstract

After the outbreak of the COVID-19 epidemic, the macro-economies of all countries in the world have been impacted to varying degrees, and the global economy is in a downward trend, with unemployment and trade problems coming one after another. The outbreak of the Ukraine Conflict has caused a new round of impact on the gradually recovering world economy, resulting in the rising prices of energy, agricultural products and other commodities. This paper mainly studies the impact of the epidemic situation in COVID-19 and the Russian-Ukrainian war on the macro-economy. This paper analyzes the macroeconomic changes through the data of cpi, GDP and unemployment rate, and takes three important economies as examples to analyze the macroeconomic problems caused by the wars between COVID-19 and Russia and Ukraine and their countermeasures. In 2022, when the epidemic continues and the war escalates, the state should pay close attention to macroeconomic changes, adjust the supply and demand structure, adopt reasonable fiscal and monetary policies, reduce the unemployment rate, stabilize commodity prices, and promote the development of world trade.