Post
Topic
Board Economics
Re: Will inflation in the world grow by 2023?
by
Unbunplease
on 24/06/2023, 14:09:02 UTC
Now every country in the world is suffering from inflation. But we all know that the war in Ukraine and Russia is the main cause of this inflation. Though economic experts are trying to keep this rate at a sustainable level but they are failing and it is normal. Because when the price of a product increases in the international market, no import-dependent country can control it. However, the rate of inflation is not likely to decrease for the time being but it may rise further in the future. Moreover, if the oil producing countries reduce their production, then it is not possible to control it in any way. Because everything changes depending on the oil.

Unfortunately, no country has yet taken steps to make inflation negative. Even in the U.S., the minimum inflation rate is 2%. This means that a rise in inflation is recognized as normal even in the U.S. I wonder what you would do if you were the government to lower inflation (really lower, not on paper)?