BERLIN, March 24 (Xinhua) -- The global political and economic policy climate deteriorated in the first quarter (Q1) of 2022, according to a survey of economic experts published by the German think tank ifo Institute on Thursday.
The COVID-19 pandemic "regained momentum in many countries through the Omicron variant and led to significant restrictions on economic activity," according to the institute. The Russia-Ukraine crisis also had a major effect.
