Wars, viruses, heat, inflation: the quiet times are over, the future will be rough – also economically. How big the problems will be depends very much on the central banks.
comment by
Claus Hulverscheidt
Basically, Isabel Schnabel has done nothing more than put one and one together: when the USA and China start a new Cold War, when persistent heat, storms and torrential rain destroy crops worldwide, power plants shut down and shipping lanes dry up, when autocrats turn off the gas supply to their customers and populists dumb the voters down with nationalist tirades of isolation, then yes, yes got to which will also have consequences for the development of the global economy – and not good ones at that.