The world is reaching its limit: What consequences?

The world is reaching its limit : it is becoming impossible to produce more energy, metals, agricultural products and to transport more goods. This creates scarcity for all these goods and services, driv ing up their relative prices sharply. What are the consequences of this scarcity and these price increases? Whereas demand had shifted heavily from services to goods since the start of the COVID crisis, the rise in the price of goods relative services will now reverse this trend; goods production will be weakened by the fall in demand for goods; Technological progress with regard to energy production, transport, etc. will accelerate, due to the strong incentive provided by the shift in prices. The question is whether technological progress will be sufficient to prevent a lasting decline in growth; There will be huge redistributive effects between countries and between groups of economic agents linked to the rise in the relative prices of scarce goods and services. In the transition period, the issue of purchasing power for low-income households will be key.