Behind The Markets Podcast: Skanda Amarnath
Behind the Markets Podcast
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Is There Room for Output to Outperform It?
I'll say I'll point to two very big categories that really matter. Services exports have been disappointing through much of the period since like March 2020, April 2020. Primarily due to the pandemic and what it's meant for global air travel. That fell off a cliff. It's taken time for it to recover. The other thing that actually also depressed Q1 and Q2 of last year was we had big hits to food and energy consumption,. And that's not that surprising given the food and energy spike we saw in prices. If those supply constraints are binding, that obviously is going to hamstring a lot of different types of production and consumption.
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