The ties that bind the global economy together—and deliver goods in abundance around the world—are unraveling at a frightening pace.
Russia's invasion of Ukraine and China's Covid Zero lockdowns are disrupting supply chains, hammering growth, and pushing inflation to 40-year highs. They're the chief reasons why Bloomberg Economics has lopped $1.6 trillion off its forecast for global gross domestic product (GDP) in 2022.
But what if that's just an initial hit? War and plague won't last forever. But the underlying problem—a world increasingly divided along geopolitical fault lines—only looks set to get worse.
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