Paulo Vaz

The Magna Storm

I have recently written, in a weekly journal specialized in economic affairs, that we were heading towards a perfect storm; better still, facing the circumstances and the convergence of happenings, a more than perfect storm. An economic crisis joining the sanitary crisis, the disruption of the supply chains, the exponential increase in raw-materials, energy, transports and wages, corresponding to the clear shortage of all these productive factors simultaneously is the most evident expression of an unexpected political crisis, anticipating a highly likely financial crisis. The increase in inflation will determine the take off of the cost of money in international markets and the most indebted countries, such as Portugal, will be on the forefront of its negative impact, which will culminate in a social crisis. The most vulnerable will always be the ones to suffer the consequences of the preceding disparities.