High inflation to persist globally into next year, Reuters poll shows
Summary
A recent Reuters poll indicates that high inflation is expected to persist globally well into next year, as over 500 economists express increasing concern about entrenched price pressures exacerbated by rising energy costs due to the ongoing conflict in the Middle East. Despite the challenges, global economic activity shows resilience, bolstered by significant investment in artificial intelligence technology. The poll highlights that most central banks have been cautious with interest rate increases, yet they may need to adjust policies if inflation continues to widen. Economists have also raised their inflation forecasts for many developed economies, signaling a shift in concerns as price pressures begin to affect typically stable markets.
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