"Rising inflation and the largest interest rate hikes globally in two decades have set the stage for the biggest economic upheaval since World War II, according to Elliott Management, a major hedge fund that manages nearly $56 billion in assets...rising inflation with aggressive interest rate hikes that international institutions including the World Bank and the UN have warned could trigger a global recession.
- Then couple that with, "Europe’s descent into deindustrialisation".
- The rapid economic collapse that Britain is facing is simply an accelerated version of what the whole of Europe is about to go through;
- unsustainable borrowing to fund the gap between high energy prices and what households can actually afford...
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