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With Inflation at 40-Year Highs, How De-Russianization Has Changed the Narrative

The Breakdown

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Inflation and the Global Economy

We are in the midst of a massive d rusification of the global economy that has simply huge implications for inflation and the global economy. The simplest and most obvious area is, of course, around energy. Russia exports about five million barrels a day, representing about five % of the world's supply of oil. And so if there were nothing else, leaving all of that behind would be an insane hit for the global economy to take. But it's not just that. Something like ve percent of the world't calories come from russia and ukrane combined. This is going to significantly increase disruptions and inflation.

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