Stagflation for the Ages | by Stephen S. Roach - Project Syndicate

Stagflation for the Ages | by Stephen S. Roach - Project Syndicate

The supply-chain disruptions during the pandemic look almost quaint compared to the fundamental reordering of global trade currently underway. This fracturing, when coupled with US President Donald Trump’s attacks on central-bank independence and preference for a weaker dollar, threatens a prolonged period of stagflation.

The Global South Will Pay for Trump’s Trade War - Other News - Voices against the tide

By Jayati Ghosh* – Project Syndicate Donald Trump’s tariffs have disrupted supply chains, roiled global markets, and escalated the trade war between the United States and China. While US consumers brace for higher prices, low- and middle-income countries will bear the brunt of the crisis, from currency depreciation to rising borrowing costs. NEW DELHI – US President Donald Trump’s sweeping tariffs have unleashed economic chaos, roiling stock and…