What is inflation and how does it affect consumers? Inflation is the term used to describe the rate at which prices increase It’s in the headlines because it has been rising at the fastest pace for several years across many countries Inflation in the US was more than 8% in September and 10 1% in the UK That compares with the roughly 2% most policymakers accept is a stable rate
Inflation: Why is it rising across the world and will it stay that way . . . Inflation is on the increase around the world, with food and energy prices hitting record highs The rise has been driven in large part by pent-up consumer demand after the pandemic and the Russian invasion of Ukraine UBS Chief Economist Paul Donovan explains why inflation is high and when we can expect that to ease
The top economics stories of 2024 - The World Economic Forum With rapid interest rate rises in recent times to dampen inflation, central banks ran the risk of recessions as growth was stifled However, across most economies that was avoided - the soft landing Our May Chief Economists Outlook talked of 'cautious optimism' - a view echoed through much of the rest of 2024
5 charts on the future of global trade | World Economic Forum Inflation in developed economies will also continue to play a part If high interest rates are required to remain in place for longer should inflation resurge, demand will be dampened as a result Although falling energy and food prices in many countries have contributed to bringing down headline inflation, core inflation remains sticky
Stagflation made us rethink how we manage economies. Will it make a . . . Logic seemed to invert Upward pressure on inflation is normally a symptom of a warming economy and good times to come; but as annual inflation rose in the UK from 6 4% in 1970 to 18% by 1980, in the US from less than 6% to 13 5% during the same period, and in France from about 5% to more than 13%, economies didn’t grow in kind Quite the
What will happen to the global economy in 2024? | World Economic Forum This said, inflation expectations have been pared back from their high levels across all regions Economists also expect labour markets and financial conditions to loosen over the course of 2024 Economists are divided over the performance of the economy in 2024
Chief Economists Outlook: January 2025 | World Economic Forum The January 2025 Chief Economists Outlook explores key trends in the global economy, including the latest outlook for growth, inflation, monetary and fiscal policy It discusses the impact of US policy on the global economy, investigates fragmentation trends and discusses the turbulent outlook for global trade
Chief Economists Outlook: May 2025 | World Economic Forum The May 2025 Chief Economists Outlook explores key trends in the global economy, including the latest outlook for growth, inflation, monetary and fiscal policy It underlines the exceptional uncertainty of the current economic environment, highlights key drivers and impacts, and discusses the compounding effect of an ongoing AI revolution
5 books to help you understand inflation - The World Economic Forum The book includes examples from around the world, including New Zealand, which was the first country to try out inflation targeting It says such targets have helped keep inflation and interest rates lower But – as 2022 has shown – the authors also point out that such goals will never keep inflation totally under control