Publication Date: 24-11-2022
Last week, we started to see some encouraging economic news as a transition back to a disinflationary cycle seems to have initiated. Following more than two years of pandemic-related disruptions, supply chains appear to be moving towards normalcy, and some larger trends suggest that “deglobalization” will benefit many emerging countries, including one of the US’ largest trading partners, Mexico.
After several months of mounting tension, the Biden administration held productive meetings with China at the G-20 in Indonesia. Leaders convened at a moment of global uncertainty, with the war in Ukraine and concerns about persistent inflation, particularly in the European Union.
On November 8th, the US midterm elections took place, proving to be the most expensive and confounding midterms in some time. What many thought would be a red wave, turned out to be a referendum on Donald Trump, highlighting divisions within the Republican party and Democratic mobilization following the Supreme Court’s decision on Roe v Wade.
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