What's your thoughts about the scenario provide above COVID infections and hospitalizations are surging throughout eastern Asia,

 What's your thoughts about the scenario provide above

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COVID infections and hospitalizations are surging throughout eastern Asia, and governments in China, Japan, and Singapore are announcing extreme new lockdowns. Factories and ports are barely functioning, and in some cases are closing entirely, leading to major shortages in thousands of products - most notably the computer chips that are needed for everything from PCs and cell phones to cars and refrigerators. Meanwhile, Russia's invasion of Ukraine continues to drag on, causing massive disruptions to the global supply of Russian oil and Ukrainian wheat. Back home in America, prices continue to rise, with the CPI in February up 8.5% over February of last year. Inflation isn't new, but now it appears those higher prices are finally starting to choke off economic growth. Economists say GDP, which grew only 1.4% last year, will actually start contracting this year, which would be terrible news for job seekers. President Jenkins announced a plan to send $3000 rebate checks to every American taxpayer in order to stimulate more consumer spending. Fed Chairman Hal Kubrick likewise announced the Fed's intentions to keep interest rates near 0% to boost economic growth. COVID infections and hospitalizations are surging throughout eastern Asia, and governments in China, Japan, and Singapore are announcing extreme new lockdowns. Factories and ports are barely functioning, and in some cases are closing entirely, leading to major shortages in thousands of products - most notably the computer chips that are needed for everything from PCs and cell phones to cars and refrigerators. Meanwhile, Russia's invasion of Ukraine continues to drag on, causing massive disruptions to the global supply of Russian oil and Ukrainian wheat. Back home in America, prices continue to rise, with the CPI in February up 8.5% over February of last year. Inflation isn't new, but now it appears those higher prices are finally starting to choke off economic growth. Economists say GDP, which grew only 1.4% last year, will actually start contracting this year, which would be terrible news for job seekers. President Jenkins announced a plan to send $3000 rebate checks to every American taxpayer in order to stimulate more consumer spending. Fed Chairman Hal Kubrick likewise announced the Fed's intentions to keep interest rates near 0% to boost economic growth.

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The scenario you described presents a complex and challenging economic landscape The surge in COVID ... View the full answer