Video: Outlook deteriorates as inflation persists – Alex Joiner
IFM’s Chief Economist, Alex Joiner, features in our Monthly Economic Update video discussing recent key developments in economies and markets globally.
In this edition, Alex discusses the recent deterioration in the global growth outlook in response to mounting supply-side inflation pressures that are feeding into stronger wages growth. Central banks now face the daunting task of tightening monetary policy just enough to slow inflation without tipping the global economy into recession. Whether this can be achieved, remains to be seen.