This was a global response along the same lines, and globally destructive. To varying degrees of course.
The US government was not the only culprit, but many other countries did take their cues from the US CDC.
Biden’s admin single handedly created the current economic situation. Other countries antcipated Biden’s moves as he campaigned on them. Some countries were late to the party.
Currently the Fed is trying to put out the fire. Don’t blame the firemen for putting out the fire the economically ignorant Biden advisers started.