The continuing surging inflation due to the supply shocks and the Ukrainian conflict have dominated headlines compounding to the possible repercussions surrounding climate change, further affecting economic and financial indicators in the medium term and beyond.
With the EU and US inflation (resp. 8% and 6% YoY) at a multi-decade high, authorities across the world are now compelled to risk recession in the medium term to regain control of the inflation narrative on all available fronts. As in the past, the Fed and BoE have been the most proactive sides in an attempt to regain credibility with normalization expected to be fully underway within the medium term. On the other hand, ECB has been willing to remain behind the curve awaiting for further developments to the Ukrainian conflict and the ongoing energy crisis.
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