What if the Strait of Hormuz crisis continues?
What if the crisis continues and lasts for more than two quarters of a year, i.e., another six months... and assuming the worst... could the world enter stagflation? Stagflation is a state of weak economic growth and high unemployment, i.e., economic stagnation, accompanied by inflation. This situation occurs when there is no economic growth but prices are rising, and it is considered an undesirable state. The current crisis is casting a shadow on the increased costs of every product worldwide, from the energy costs within factories needed to operate production lines, to the rising prices of raw materials used in production, the increased costs of transporting them to the factory, and finally, the increased costs of transporting the final product from production sites or factories to retail outlets for the consumer. <script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-7519727374201004" crossorigin="anonymous"...
