 Global Economic OutlookBarry Naisbitt (), Janine Boshoff (), Edmund Cornforth, Paula Bejarano Carbo (), Joanna Nowinska (), Ian Hurst (), Iana Liadze (), Corrado Macchiarelli, Xuxin Mao and Patricia Sánchez Juanino National Institute Global Economic Outlook, 2022, issue 8, 6-26 Abstract: The inflationary shock that resulted from Russia;s war in Ukraine, supply chain disruptions and the impact of loose monetary and fiscal policies in response to Covid-19 has intensified over the past three months. Inflation, especially in the major advanced economies, was rising before the war and the sanctions imposed in response to the war contributed to the very steep rise in energy prices. The effects of this economic shock have been to increase inflation and prolong the expected duration of prices' growth. In recent months the rates of headline inflation have hit 9.1 per cent in June and 9.9 per cent in September in the US and Euro Area, respectively (Figure 3), reaching multi-year highs. Date: 2022 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:nsr:niesrb:i:8:y:2022:p:6-26 Access Statistics for this article More articles in National Institute Global Economic Outlook from National Institute of Economic and Social Research 2 Dean Trench Street Smith Square London SW1P 3HE. Contact information at EDIRC. |
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