Inflation: Why is it rising across the world and will it stay that way ...
May 12, 2022 · Inflation is on the increase around the world, with food and energy prices hitting record highs. The rise has been driven in large part by pent-up consumer demand after the pandemic and the Russian invasion of Ukraine. UBS Chief Economist Paul Donovan explains why inflation is high and when we can expect that to ease.
What is inflation and how does it affect consumers?
Nov 2, 2022 · Inflation is the term used to describe the rate at which prices increase. It’s in the headlines because it has been rising at the fastest pace for several years across many countries. Inflation in the US was more than 8% in September and 10.1% in the UK. That compares with the roughly 2% most policymakers accept is a stable rate.
What is inflation, and should we worry? An economist explains
Feb 17, 2022 · Inflation is a concern. Hyperinflation is a disaster. A high-denomination banknote from the late 2000s. Image: Robin Pomeroy
The top economics stories of 2024 - The World Economic Forum
Dec 11, 2024 · With rapid interest rate rises in recent times to dampen inflation, central banks ran the risk of recessions as growth was stifled. However, across most economies that was avoided - the soft landing. Our May Chief Economists Outlook talked of 'cautious optimism' - a view echoed through much of the rest of 2024.
Inflation? Stagnation? What's next for the global economy?
Jun 9, 2022 · So the main problem, at least in the short run, is inflation, without any doubt. And inflation in the euro area is not only higher, even it's slightly less higher than in the U.S., 7.4%. But it's also broader, and this is probably the main issue. Core inflation is 3.4%. And this is why we have to normalise monetary policy without any doubt.
What is hyperinflation? | World Economic Forum
Jun 13, 2022 · Inflation is at a 40-year-peak in the US and the UK. The Bank of England has warned that UK inflation may reach 10% in the next few months. The last time that inflation levels were this high in the US and Europe, flared trousers were in, roller discos were all the rage, and no one had heard of Steve Jobs.
Chief Economists Outlook: September 2024 | World Economic Forum
Sep 25, 2024 · This latest edition of the Chief Economists Outlook launches amid continuing economic uncertainty. The short-term outlook for the global economy has begun to stabilize, but many vulnerabilities remain. There are reasons for cautious optimism, notably including a continued gradual easing of inflation rates and a shift to looser monetary policy.
5 books to help you understand inflation - The World Economic …
Oct 14, 2022 · The book includes examples from around the world, including New Zealand, which was the first country to try out inflation targeting. It says such targets have helped keep inflation and interest rates lower. But – as 2022 has shown – the authors also point out that such goals will never keep inflation totally under control.
Majority of US households are struggling due to inflation | World ...
Sep 21, 2022 · Inflation tends to impact lower-income groups disproportionately. But as the chart below shows, inflation pressure has even caught up with high-income households. As inflation remains at the highest level in more than 40 years, millions of Americans are facing financial hardship due to rising consumer prices.
What is the neutral interest rate and why is it in focus?
Mar 5, 2024 · Expectations for high inflation rates have been pared back across all regions this year, according to the World Economic Forum’s Chief Economists Outlook, increasing the emphasis on a rate that represents a steady state for the economy. Easing of inflationary pressures means central banks may stop raising rates and could even begin to lower them.