What’s next for inflation? “Inflation is here to stay around the world,” it says. Experts in South America, North and East Africa, and West and Central Asia are expecting particularly strong inflation.
Economists around the world expect high inflation into the middle of this decade.
In the current year, 663 economists surveyed by the Munich Ifo Institute and the Institute for Swiss Economic Policy expect inflation to average 7.7 percent.
The global average for 2023 and 2026 is 6.2 and 4.5 percent, respectively, according to the Ifo Institute. “Inflation has come around the world to stay,” said economist Niklas Potrafke.
In international comparison, inflation in Europe is rather moderate. The economists surveyed expect particularly high inflation of more than 20 percent in South America, North and East Africa, and West and Central Asia.
In a global comparison, inflation expectations in North and Central America and large parts of Europe are low at less than 10 percent. The two institutes survey economists in well over 100 countries for their quarterly “Economic Experts Survey”.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
