10
September 2023
Investment & Economic Strategy Lunch
#2 Inflation will be Structurally Higher
Globalisation and the rise of China as manufacturer to the world suppressed the cost of goods for developed economies.
‒ Stagnating globalisation due to the strengthening of supply chains and onshoring of manufacturing will be inflationary.
‒ The outcome will be structurally higher inflation and interest rates than pre-pandemic.
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