Russia war ends era of globalization that kept inflation low

[Yo_Mama_Been_Loggin]

For decades, the free flow of trade across much of the world allowed the richest nations to enjoy easy access to low-priced goods and supplies. It meant solid economies and stable markets.

And for households and businesses, especially in the United States and Europe, it meant an entire generation of ultra-low inflation.

Now, Russia’s invasion of Ukraine has delivered a devastating blow to that system. Prices, which had already been rising, have shot up further. Supply chains, already disrupted by the swift recovery from the pandemic recession, face renewed pressure.

The widening rupture between the world’s democracies and its autocracies has further darkened the global picture.

https://apnews.com/article/russia-ukraine-covid-business-health-inflation-9a197020ce3424589d8d4cc1ff5a82ea

Interesting analysis. So Putin's to blame for the reemergence of inflation.

[OnDoutside]

1. I would suggest Covid and the dependency on China for critical

supply chain items laid the groundwork