(Global Stagflation) - 'IMF .. chronically high inflation..'

'“Inflation is much stickier than anticipated even a few months ago,” Gourinchas wrote in the IMF’s latest World Economic Outlook. '

'WASHINGTON (AP) — The outlook for the world economy this year has dimmed in the face of chronically high inflation..

..

“Inflation is much stickier than anticipated even a few months ago,” Gourinchas wrote in the IMF’s latest World Economic Outlook.

..

In the United Kingdom, where double-digit inflation is straining household budgets..

..

..the financial system, which had grown used to extraordinarily low interest rates.'

- IMF: Prolonged high inflation dims outlook for world economy, April 11, 2023



Context

(Global Stagflation) - 'German .. Food prices continued to rise rapidly, up 22.3% year-on-year.'

(March 2023) - '..the banking system remains awash with €4tn of excess liquidity..'

(Global Stagflation) - '..the highest inflation in four decades that they’re not close to winning..'


(Global Stagflation) - 'Fed's policy rate will need to rise..'

'A maximalist culture of bailouts and state support is bloating and thereby destabilising the global financial system' - Ruchir Sharma

'..fractional banking implodes. Which is what happened in 1997 and 2007 — and what I saw [in 2023.]' - Gillian Tett