How to win the battle against inflation
world economy and Hikelandia grew at the same speed. Now, global growth is 2.5% at an annualised rate, and Hikelandia is stagnating.
The unemployment rate has risen by close to a percentage point from a recent low in Chile, and is inching up in Brazil and New Zealand. At least for a while, Hikelandia’s policymakers will probably see a slower economy as a price worth paying.
Inflation will have to fall an awfully long way before we start calling these countries “Cutlandia". For more expert analysis of the biggest stories in economics, finance and markets, sign up to Money Talks, our weekly subscriber-only newsletter.
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From The Economist, published under licence. The original content can be found on www.economist.com
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