Age of scarcity begins with $1.6 trillion hit to world economy - Economic Times


5/19/2022 12:00:00 AM2 years 11 months ago
by Bloomberg

Russias invasion of Ukraine and Chinas Covid Zero lockdowns are disrupting supply chains, hammering growth and pushing inflation to forty-year highs. Theyre the chief reasons why Bloomberg Economics has lopped $1.6 trillion off its forecast for global GDP in …

The ties that bind the global economy together, and delivered goods in abundance across the world, are unravelling at a frightening pace. Russias invasion of Ukraine and Chinas Covid Zero lockdowns … [+9871 chars]

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