Here's another troubling reason inflation will be hard to fight
CNN
One of the many buzzwords percolating around Davos this week is "fragmentation," the force economists there warned could have "devastating human consequences."
By "fragmentation," they are referring to a breakdown of the kind of free-wheeling, border-crossing trade and investment that's defined the global economic order over the past three decades. It is a form of deglobalization — rebuilding fences around national or regional fiefdoms.
"Fragmentation is the sense that we may be having economies protect themselves a little more domestically, and that could slow things down," Josh Lipsky, director of the Atlantic Council's GeoEconomics Center, told me. "And then it may make things more expensive in return."
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