Senior research fellow Joseph Glauber is quoted in a Politico story about how the growing military conflict in a key trade corridor is threatening to unleash economic havoc on the global economy ahead of November. “If energy prices go up and remain high, you’d see food inflation persisting,” said Joe Glauber.
He added that potential disruptions in the global flow of fertilizer, a key component of food production, could compound pressure on U.S. farmers and consumers at the grocery store, especially if the Red Sea conflict expands.
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