Shockwaves have been felt all over the world as a result of war, inflation, food shortages, and the COVID-19 pandemic's long tail. Financial markets have been extremely volatile since the start of the conflict, and commodity markets are in disarray. In the European Union, the United States, and many other nations, inflation has reached its highest level in decades, with the global conflicts adding to the upward pressure on food and energy prices. However, the global economic slowdown, sharp decline in financial asset values, decline in imports and exports, contraction of industrial production, rise in inflation, decrease in wages, rise in unemployment, collapse of social security, and numerous natural calamities tear down not only the economic sector but also the health sector, which has already been grossly mistreated by the pandemic.