Warcession and excess savings
Report Date: 22nd March, 2022 In our recent piece (New world (dis)order) we mapped a post-conflict global economy which had a bigger state sector, low productivity, and higher inflation — the latter due to shortened, less efficient, but more secure supply lines and the repricing of commodity and energy inputs. Here we take a cursory look at what could turn this longer-term transformation of the global economy into an immediate recession.
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