The research quantifies what’s apparent to the naked eye across much of the planet — in supermarkets with empty shelves, ports where ships are backed up far offshore, or car plants where output is held back by a lack of microchips. Looming over all of these: rising price tags on almost everything.
It’s not just a problem of moving stuff around. The world is still struggling to make enough stuff too.
That doesn’t mean the world is in for a re-run of 1970s-style
Still, the current environment — call it stagflation-lite — is a challenging one for central bankers.
Bloomberg 2 November 2021