How The EU Plan To Ban Russian Oil Could Cause Stagflation
The war in Ukraine has highlighted the depth of global connectivity and interdependence, exposed the energy security of Europe, and put the post-Pandemic economic recovery in doubt. However, one of its most important contributions has been to accelerate the post-Covid legacy that is rising inflation. Rocketing energy prices and reports of multiple countries facing a cost-of-living crisis are becoming increasingly difficult to ignore. The real question of the day, however, is centered around whether or not are we heading for stagflation, a policymaker’s…