As the World Economic Forum publishes its latest Chief Economists Outlook, Maersk's Head of Macro & Market Insights Ilaria Maselli gives her view on the state of the global economy.
The closure of the Strait of Hormuz, “the aorta of global fossil fuel trade”, is one of the “biggest crises” in the history of capitalism, with huge implications for economies around the world, Maselli says.
And we discuss how the impact of the Hormuz crisis compares to the shock that the COVID pandemic imposed on the world, in terms of economic growth and inflation.
