Stagflation threat : economic outlook

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      <subfield code="a">Headwinds to the global recovery from the pandemic are mounting, in the form of ongoing supply bottlenecks, geopolitical turmoil in Eastern Europe, and rampant inflation. Inflation was already rising in 2021 as consumer demand picked up, but has been exacerbated by Covid lockdowns in China and war in Ukraine. Global commodity prices are rising rapidly and central banks are struggling to maintain control over the situation amid growing concerns of another stagflation episode, one characterised by low growth and high inflation. </subfield>
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