The world is not ready for the long grind to come
世界没准备好迎接漫长的艰难岁月

Demographic changes and deglobalisation will keep inflation higher than policymakers were used to pre-pandemic
夏尔马：下一轮衰退应该不会那么快发生，但它可能以人们不熟悉的样子出现，也许不会太严重，但会更持久，因为更具粘性的通胀。