The implications of global uncertainty
January 25, 2023 | 13:50
Global inflation rose sharply in 2022 – in the second half of the year, median global headline inflation reached over 9 per cent, its highest level since 1994. Soaring inflation reflected a combination of supply and demand factors. On the demand side, the acceleration of growth during the initial rebound from the 2020 global recession, as well as the lagged effects of earlier macroeconomic support, contributed to persistent price pressures.
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