A United Nations agency is blaming rapid interest rate increases and fiscal tightening in advanced economies for global stagnation as well as giving rise to economic volatility in developing countries. “In a decade of ultra-low interest rates, central banks consistently fell short of inflation targets and failed to generate healthier economic growth. Any belief that they…
UN Agency Wants Inflation to Be Fought With Price Controls, Windfall Taxes, Tighter Regulations
October 4, 2022
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Business & Marketseconomyglobal stagnationGrowth ratehigh inflationinflationInternationalUnited NationsUnited Nations Conference on trade and Development (UNCTAD)World
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