A shopper in a supermarket in Warsaw, Poland, on December 9, 2022. Since the second quarter of 2021, much of the world has been experiencing inflation far above 2 per cent. Photo: AP
Opinion
Opinion
Macroscope
Sustained slower growth may be a reality for China and others, but high inflation can be tamed
- War and the pandemic left most countries facing high inflation and low growth in 2022
- While there is always the risk of further shocks, stagflation need not become a long-term problem, provided monetary authorities maintain restrictive policies
A shopper in a supermarket in Warsaw, Poland, on December 9, 2022. Since the second quarter of 2021, much of the world has been experiencing inflation far above 2 per cent. Photo: AP
