This is an audio transcript of the Behind the Money podcast episode: ‘Martin Wolf on the economy in 2023’
[MUSIC PLAYING]
Michela Tindera
If the FT’s chief economics commentator Martin Wolf had to describe the past year, in three words, he’d say . . .
Martin Wolf
War . . .
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(Sound of firing and explosions)
Martin Wolf
Inflation . . .
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The alarming spike in inflation . . . Reaching another historic high . . . Desperate families . . . It’s now shot up to nearly 10 per cent . . .
Martin Wolf
Energy shock.
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As Russia’s war in Ukraine continues . . . New jumps in oil prices . . . Some of the big swings in the energy market . . . With soaring energy costs and widespread blackouts . . .
Michela Tindera
This is all to say that a lot has happened in 2022. Russia invaded Ukraine. Central banks began battling historic…
