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.
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 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
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.
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.
How is inflation affected by globalisation? | World Economic Forum
Aug 29, 2015 · The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests.
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.
Finance and the economy: Our 5 top stories from 2023
Dec 15, 2023 · The past year has been turbulent for the global economy; as inflation, rising interest rates, tight labour markets and geopolitical shocks have hit forecasts and caused uncertainty. Throughout the year, we've released forecasts from our chief economist community, held sessions on the global economy at our events, and published our weekly news ...
Inflation: In which countries is it highest and lowest? | World ...
Jun 23, 2022 · Inflation in the United States was relatively low for so long that, for entire generations of Americans, rapid price hikes may have seemed like a relic of the distant past. Between the start of 1991 and the end of 2019, year-over-year inflation averaged about 2.3% a month, and exceeded 5.0% only four times.
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.