... effectively devalued. Second, high inflation creates economic uncertainty: businesses cannot accurately plan investments and expenses, raising the risk of project losses. The central bank must increase the key interest rate to "cool down" the market, making loans more expensive and slowing economic growth. Furthermore, during rapid devaluation of money, people tend to spend or invest their funds more quickly, which can lead to an overheating economy and new cycles of price increases. In turn,...

... affects various aspects of life: 1. Economic consequences: Reduced investment attractiveness of the country: investors avoid countries with a high level of corruption due to increased risks and additional costs. Slower economic growth: corruption distorts market mechanisms and reduces the efficiency of the economy. Increased income inequality: corruption contributes to the concentration of wealth in the hands of a small group of people. Distortion of market mechanisms and fair competition: corrupt companies ...