Inflationary pressures have continued to mount throughout many regions of the world over the past few months, while global economic growth has continued to slow. Yet, stocks both here and abroad are showing some signs of stabilizing after falling sharply over the past two months.
However, my research indicates that we’re not yet out of the woods and that stocks could fall considerably further in the months ahead if oil prices continue to rise and central banks around the world don’t implement additional actions to combat inflation.
Inflation has been the most pronounced in the world’s emerging economies and in countries that peg their currencies to the U.S. dollar. For example, consumer prices rose at a year-over-year rate of 5.6 percent in | 
