Interestingly, there is also a Plan C spelled out, if low growth is combined with high inflation - because we've underestimated the long-term damage done by the crisis (ie over-estimated the output gap) - hike interest rates and increase austerity.

BBC: IMF set out a 'Plan B' for George Osborne

We also thought they would probably cut or leave unchanged their estimate of spare capacity in the economy (the "output gap") - again, on the basis of their calculations in March.

BBC: The Bank, the OBR and Mr Osborne

Hayek was managing to close the gap between manufacturing output and real-time market demand.

FORBES

" In explaining this, they say - in effect - that they looked at what the output gap would be, on the basis of their previous "cyclical indicators' approach, and decided it wasn't plausible.

BBC: The Bank, the OBR and Mr Osborne

In any case, so long as growth is below long-term trend, the gap between actual and potential output will continue to grow, easing inflationary pressure.

ECONOMIST: The ECB's president announces his departure

But if the disruption is much wider and if Venezuelan output remains low, then Julian Lee says Opec could not fill the gap - and it would be hard to see an upper limit to prices.

BBC: NEWS | Business | Opec plans for war footing

The FAO found that if resources were equalized, if male and female farmers could have equal access to resources, if that gender gap were closed, the productivity of farmers would be 20-30 percent higher and the output would feed 150 million more people.

FORBES: If There's No Peace in Afghanistan, It's Women Who Will Suffer Most