breaking news from the economic sphere: 🌍 the global economy is facing a new challenge as several central banks around the world, including the u.s. federal reserve and the european central bank, are hiking interest rates to combat rising inflation. this move is expected to cool down consumer spending and slow down economic growth in the short term. however, experts warn that it might lead to a recession if not managed carefully. stay tuned for updates as we navigate through these turbulent times! 📉