The Heat: Global economy

The Heat

People shop at a supermarket in Montebello, California, on August 23, 2022. – US shoppers are facing increasingly high prices on everyday goods and services as inflation continues to surge with high prices for groceries, gasoline, and housing. (Photo by Frederic J. BROWN / AFP)

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.

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