GDP rises and suddenly everyone’s afraid of the big, bad inflation beast - short news
Investors are obsessed with the idea of soaring prices, but a glance at the past decade shows there is not much to fear
Inflation is the word striking fear into global financial markets, and US data last week was far from reassuring. The world’s largest economy reported inflation running at 5% in May, up from 4.2% in April. It is on the move in the UK too, doubling to 1.5% in April, its highest level since the start of the pandemic in March 2020.
From New York and Tokyo to the..
source: The Guardian - 13.06.2021