Pandemic and Ukraine have altered Europe’s inflation dynamics – IMF
Fund stresses policy-makers face tough trade-offs from high inflation and recession risks
The coronavirus pandemic and the Russian invasion of Ukraine may have changed inflation dynamics in Europe, the International Monetary Fund said on October 23.
Policy-makers in the eurozone and other major European economies confronted a decade of below-target inflation. But now they face tough trade-offs involving a tighter monetary policy and high recession risks, the IMF notes.
Rising shortages in labour and inputs are “contributing notably to the recent high-inflation episode”, says Alfred
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