The new inflation threat
Faster price rises are coming as economies recover from the pandemic. But how bad will it be?
Faster price rises are coming as countries recover from the pandemic. But how painful will it be for consumers and the global economy? Mohamed El-Erian, economic adviser and president of Queens' College, Cambridge, thinks central banks are already behind the curve when it comes to keeping inflation in check. Others believe the pandemic's impact on prices is largely temporary. Dana Peterson of the US Conference Board explains why. We also hear from restaurant owner Luke Garnsworthy. Now that England's third lockdown has mostly lifted, customers are itching to spend and he can't find enough staff for his kitchens. But, he says raising prices and wages isn't an option for him.
Picture: stock photo of a sad piggy bank and stack of coins (Credit: Getty)
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- Thu 20 May 2021 07:32GMT成人快手 World Service
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Business Daily
The daily drama of money and work from the 成人快手.