In just a few months, discussions on global prospects have shifted from focusing on the economic effects of the pandemic to focusing on those derived from bottlenecks in value chains on production and inflation. If during the crisis of the past decade we rescued from the manuals what was known about the depression of the 1930s, and just a year ago the list of pandemics in history was made an inventory, now we are looking for parallels with the stagflation of the 70s.
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In just a few months, discussions on global prospects have shifted from focusing on the economic effects of the pandemic to focusing on those derived from bottlenecks in value chains on production and inflation. If during the crisis of the past decade we rescued from the manuals what was known about the depression of the 1930s, and just a year ago the list of pandemics in history was made an inventory, now we are looking for parallels with the stagflation of the 70s.
Keep reading