As the world recovered from the pandemic, surges in demand led to shortages in supply, which were exacerbated by several events, including Russia’s invasion of Ukraine, domestic and international political tensions, and the increasing urgency for climate action resulting in new policies, targets, and practices. The result of this [im]perfect storm is the current inflation we are experiencing, which went from -0.4% in January 2022 to 8.1% in June 2022. Moreover, inflation has been made more complex by the emergence of new price drivers, such as fossilflation, greenflation, and climateflation, which had already begun to impact economies around the world amidst the urgency of ensuring an effective and timely net-zero transition.
Finance: Cashflow Management, Financial Literacy, Market Disruptions, Business Management
Posted Date: March 31, 2023