Neglecting inflation leaves global economies sitting on a time bomb

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Neglecting inflation leaves global economies sitting on a time bomb

June 08, 2021
Updated: 09:21 pm

Neglecting inflation leaves global economies sitting on a time bomb

," the economists said, adding that the "painful lessons of an inflationary past are being ignored by central bankers." The longer the central bankers sit on their hands, the more difficult it will be to address, the report said. "The effects could be devastating, particularly for the most vulnerable in society," the economists said. "Sadly, when central banks do act at this stage, they will be forced into abrupt policy change which will only make it harder for policymakers to achieve the social goals that our societies need." /IANS

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