Global Context regarding Great Depressions or Great Recessions worldwide:

 Begin partial quote from previous article:

Global Context

While specific countries are in localized depressions, the broader global economy is experiencing its slowest growth period since the pandemic, but not a universal depression. The International Monetary Fund and the World Bank identify escalating energy costs and geopolitical shocks as the primary drivers of this slowdown, which disproportionately impacts low-income and energy-importing developing nations. 

 

end quote:

 

So, the people most harmed are low income and energy importing developing countries where starvation likely will increase as prices continue to rise in Oil and Food for at least until the fall or Christmas or after.