With inflation climbing to multi-decade highs and price pressures broadening out, the International Monetary Fund (IMF) has warned that there’s now a “substantial risk” that high inflation becomes a more permanent fixture and that expectations around future rates of inflation could become unmoored and drive a wage-price spiral. A team of IMF economists said in…
‘Substantial’ Risk That High Inflation Becomes Entrenched, Expectations De-Anchored: IMF
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