Russian President [[Vladimir Putin]] offered his explanation for inflation that racked global economies in 2022:
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Russian President [[Vladimir Putin]] offered his explanation for the inflation that racked global economies in 2022:
{{quotebox-float|"Surging inflation in product and commodity markets had become a fact of life long before the events of this year. The world has been driven into this situation, little by little, by many years of irresponsible [[macroeconomic]] policies pursued by the [[G7]] countries, including uncontrolled emission and accumulation of unsecured debt. These processes intensified with the onset of the [[coronavirus pandemic]] in 2020, when [[supply and demand]] for goods and services drastically fell on a global scale.
{{quotebox-float|"Surging inflation in product and commodity markets had become a fact of life long before the events of this year. The world has been driven into this situation, little by little, by many years of irresponsible [[macroeconomic]] policies pursued by the [[G7]] countries, including uncontrolled emission and accumulation of unsecured debt. These processes intensified with the onset of the [[coronavirus pandemic]] in 2020, when [[supply and demand]] for goods and services drastically fell on a global scale.