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