Today news
About the same in other media
Will Inflation Stay High for Decades? One Influential Economist Says Yes
Reading now: 935
wsj.comWhen the global economy tanked in March 2020, the rate of inflation looked like it was heading to zero. That made it a surprising moment for former U.K. central banker Charles Goodhart to predict that inflation would hit between 5% and 10% in 2021—and stay high.
Mr. Goodhart reasoned that a seismic shift was under way in the world economy, one that fiscal stimulus and the post-pandemic recovery would only hasten. A long glut of inexpensive labor that had kept prices and wages down for decades, he said, was giving way to an era of worker shortages, and hence higher prices.
Read more on wsj.comAbout this in other media
Rich countries must stop producing oil and gas by 2034, says study theguardian.com /2 years ago
Stock futures inch higher after Powell says bigger hikes may be needed to fight inflation cnbc.com /2 years ago
Are the days of high-heels at work finally over? theguardian.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
