Food and energy prices are rising around the world meaning millions now face tough choices in their daily lives. Economists blame a combination of Covid, poor harvests and the war in Ukraine.
Now central banks are putting up interest rates to try to control the crisis.
Video chapters:
0:00 - Introduction
0:25 - Story
1:07 - Headline 1: The Guardian - Fight against inflation raises spectre of global inflation
2:33 – Headline 2: CITY A.M. - Inflation and recession concoction sends global markets into the mire
3:45 - Headline 3: The Indian Express - Partha Sen writes: The inflation tightrope
5:03 - Language summary
Key words and phrases
the spectre of (something)
the possibility of something bad happening
* The spectre of another pandemic is very worrying.
* The spectre of nuclear war is back.
into the mire
into a difficult situation
* The scandal dragged the minister into the mire
* The company was mired in controversy
tightro
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