The global economy has been facing heavy headwinds due to the economic fallout from the COVID-19 pandemic and surging inflation. Though countries have been taking measures to put the economy back on track, like the U.S. Federal Reserve's interest rate hike, experts feel that the specter of recession still hangs over the world. Our reporter Wang Hui spoke to China's former vice minister of finance, Zhu Guangyao, to understand more about the geopolitical problems and how fiscal moves by countries like the U.S. will affect the global economy and what countries like China should do to avoid the impact.