Nations must be ‘absolutely vigilant’ about inflation, says IMF
The fund cuts its outlook for advanced economies this year, and says inflation likely to “stay elevated” for a while. …
This should be taken with a pinch of salt. Certainly ground that was lost is being made up, but a bigger fall than any other G7 nation in 2020, because of having suffered the worst pandemic first wave, makes a reopening of the economy appear like a boom. Argentina is growing even more than the UK, but it also lost just under a tenth of the value of its economy last year.
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