Shipping containers sit in a rail yard in Chicago, Illinois, on July 28. The coronavirus pandemic has resulted in major supply chain backlogs around the world. Photo: AFP
Shipping containers sit in a rail yard in Chicago, Illinois, on July 28. The coronavirus pandemic has resulted in major supply chain backlogs around the world. Photo: AFP
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

Why the inflation threat is more serious than most economists and policymakers realise or are willing to admit

  • As inflation continues to rise in the US, UK and Europe, economists are quick to blame temporary disruptions to global supply chains caused by Covid-19
  • The structural aspects of today’s inflation may take a long time to subside and require aggressive action by central banks that could hit major economies hard

Shipping containers sit in a rail yard in Chicago, Illinois, on July 28. The coronavirus pandemic has resulted in major supply chain backlogs around the world. Photo: AFP
Shipping containers sit in a rail yard in Chicago, Illinois, on July 28. The coronavirus pandemic has resulted in major supply chain backlogs around the world. Photo: AFP
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