US EditionYou Decide: Good or Bad Direction on Inflation?
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3 Articles
Inflation Risks Are Adding Up
Few would disagree that the U.S. Fed was late to the game in fighting inflation a few years ago. Of course, it was a rather unique time in history coming out of a pandemic that had supply constraints still lingering while demand soared. People were bored sitting at home and had piles of accumulated savings, so revenge travel became a trend as did just paying up. After waiting too long, claiming inflation was transitory, central banks around the …
Following the rise in GDP by 2024, the current account deficit will be aware of a downturn over the next two years, more pronounced in 2026, but it will remain much more than European standards, continuing to be a major vulnerability and risking inflation, first of all, and finally economic growth sustainability, the BNR board will pay attention to the current meeting of the monetary policy in August.
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