From London to Washington, DC, high Inflation rates, skyrocketing energy prices and expensive housing are hurting consumers. Analysts say if 2021 was the year of reopening, 2022 is the year of worldwide inflation. The United States and United Kingdom are both facing record inflation and high energy prices. In comparison, China’s inflation is relatively low and the government is expected to unveil more measures this year to keep the economy stable.
Joining the discussion:
- John Gong is a Professor of Economics at the University of International Business and Economics in Beijing.
- Klisman Murati is the Founder and CEO of Pareto Economics.
- Gilson Schwartz is a Professor of Economics at the University of Sao Paulo.
- John Tamny is an Editor for RealClearMarkets and Forbes magazine.
— CGTN (@CGTNOfficial) August 25, 2022
Two UK research groups warned the government will have to draw up previously “unthinkable” measures to protect households and businesses from the energy crisis https://t.co/1iwyUDnusS
— Bloomberg Economics (@economics) August 25, 2022
The majority of US pandemic-era inflation came from a surge in demand, but supply-chain constraints stoked it further, NY Fed research shows https://t.co/MuEZedCkM2
— Bloomberg (@business) August 24, 2022