Since the beginning of the year, the stock market has experienced severe volatility due to supply chain constraints, rising energy and crude oil prices, and the ongoing war between Ukraine and Russia.
The major market indexes have faced selling pressure of late due to the higher-than-expected rise in inflation in May. The World Bank has slashed the global economic expansion forecast by 1.2 % to 2.9% this year. It also warned that economies are inching closer to stagflation.
