Edition 16 – Inflation: Transitory or persistent?

The world, since the last couple of years, has just not been the same. Physical, emotional and financial hardships aside, there is one more long term impact of the pandemic which is now starting to become visible: De-globalisation. The war in Ukraine, which bought upon the West’s collective response, is the latest event to trigger a wave of claims that globalisation is dead. It has been on the decline since the global financial crisis of 2008 but got exacerbated by Brexit, Trumpian nationalism and the Covid-19 pandemic.