Renowned economist Kenneth Rogoff warns: with coronavirus as catalyst, we may face a recession in the style of the 70s due to supply bottlenecks.
Remember the 70s? High inflation, actually stagfation. Gold & commodities skyrocketing.
the Guardian A coronavirus recession could be supply-side with a 1970s flavour | Kenneth Rogoff The most recent collapses were caused by a drop in demand, the next one could mimic the oil shock