The World Economy Is on the Brink of a Precipice in a Situation Reminiscent of the 1970s.
The energy shocks had rekindled inflation.
The state of the global economy is not unlike that of the 1970s. Except that the current context is in many ways potentially more explosive.
The war in Ukraine and its impact on global supply chains, energy prices, and food prices are dashing hopes of sustainable recovery from the COVID-19 pandemic. The parallel with the stagflation of the 1970s does not…
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