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Is Russia’s Invasion Inflationary or Deflationary?

Barings - Is Russia's Invasion Inflationary or Deflationary?

Global tragedies, the COVID-19 pandemic, and the Ukraine invasion delivered similar economic shocks, roiling the balances of supply and demand. But the lockdowns came with floods of cheap money and generous subsidies, while this war coincides with central banks tightening and governments thinking harder about deficits.

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