WHAT COMES AFTER A VACCINE AND COVID-19?
- Increased taxes at all levels of government (income, sales and property taxes, fees, tolls, licenses),
- Higher import costs,
- Rising financing rates,
- Coming Covid-19 retail and services ‘surcharges’.
- Higher food costs.
- IMF: The International Monetary Fund estimates that almost three-quarters of the increase in trade between 1993 and 2013 was due to the growth of supply chains. With trade rising fivefold in those 20 years, the chains helped power global economic expansion.
- BIS: The Bank for International Settlements estimated that global inflation would have been about one percentage point higher were it not for the supply-chain enabled efficiencies of global production.
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