UN Secretary General urged to turn the crisis into multilateral cooperation

Guterres noted that a moment of crisis, when the world is torn apart by conflicts and tensions,needs to be turned into a “moment of multilateralism”António GuterresGuterresGuterres

The conflicts and tensions currently existing in the world must be turned into multilateral cooperation. This was stated by UN Secretary General António Guterres in his address to the participants of the international conference "Dialogue is a guarantee of peace", which was read out by the UN Resident Coordinator in Turkmenistan Dmitry Shlapachenko, TASS reports.

“In a world torn by conflict and torn by tension, the principles that underpin multilateral cooperation are under enormous strain. We need to turn the current moment of crisis into a moment of multilateralism,” the Secretary General said in his address.

The international conference "Dialogue is a Guarantee of Peace" is being held in Ashgabat on Sunday on the eve of the 27th anniversary of the neutral status of Turkmenistan. The Day of Neutrality of the Republic is celebrated annually on December 12.

WSJ reported dissatisfaction with US European leadersbecause of the crisis Politics

Against the backdrop of a military special operation in Ukraine, climate change, and the effects of the COVID-19 pandemic, inflation is on  a record high in developed and developing countries, and international financial institutions are warning of a global recession in 2023.

Thus, against the backdrop of rising inflation to 8.9% in July, the European Central Bank raised interest rates for the first time in 11 years, however, in October inflation rose to 10.6%, and in November it slightly decreased to 10%. The "globalization of inflation" makes it harder for regulators to control rising prices, and its "persistence" should not be underestimated, warned Isabelle Schnabel, member of the ECB Governing Council.

In addition, in early November, the US Federal Reserve raised the rate by 75 bp. — up to a record 3.75–4% per annum. This was the sixth rate increase since the beginning of the year in response to record inflation over the past 40 years in the United States.

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In Russia, against the backdrop of a special operation and Western sanctions, inflation could reach 12% by the end of the year, President Vladimir Putin argued in September . At the same time, according to Putin, by the second quarter of 2023, Russia may reach inflation targets in the region of 4-6%.