Global Pressures Mean Inflation Could Become Harder To Manage in Coming Years
‘We are living in this world in which we could expect to have more and maybe bigger supply shocks,’ says the chief economist at the International Monetary Fund.
Rising trade barriers. Aging populations. An attempt to transition from fossil fuels to renewable energy.
The prevalence of such trends across the world could intensify global inflation pressures in the coming years and make it harder for the Federal Reserve and other central banks to meet their inflation targets.
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