The world economy is imperiled by a force hiding in plain sight
https://www.siliconvalley.com/2022/07/16/the-world-economy-is-imperiled-by-a-force-hiding-in-plain-sight/
This past week brought home the magnitude of the overlapping crises assailing the global economy, intensifying fears of recession, job losses, hunger and a plunge on stock markets.
At the root of this torment is a force so elemental that it has almost ceased to warrant mention — the pandemic. That force is far from spent, confronting policymakers with grave uncertainty. Their policy tools are better suited for more typical downturns, not a rare combination of diminishing economic growth and soaring prices.
The world economy is imperiled by a force hiding in plain sight
Jul 16, 2022, 5:18pm UTC
https://www.siliconvalley.com/2022/07/16/the-world-economy-is-imperiled-by-a-force-hiding-in-plain-sight/
> This past week brought home the magnitude of the overlapping crises assailing the global economy, intensifying fears of recession, job losses, hunger and a plunge on stock markets.
> At the root of this torment is a force so elemental that it has almost ceased to warrant mention — the pandemic. That force is far from spent, confronting policymakers with grave uncertainty. Their policy tools are better suited for more typical downturns, not a rare combination of diminishing economic growth and soaring prices.