Macroeconomics

The fierce political tensions we have seen for some time are intensifying rather than easing. This is not only surprising, but also frightening.

Even if there has not yet been a military conflict in the Pacific region, the provocations are increasing from week to week. One may speculate a lot about who can have an interest in the conflicts that have now arisen in two large regions of the world, but for ordinary citizens, no matter where they live, this is not a reassuring prospect.

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