Cost of everything to spiral out of control after Covid as inflation ‘time bomb’ hits all corners of world, bankers warn
THE global economy is careering towards a “devastating” inflation spike which would send the cost of everything soaring, warn financial experts.
The reports states that instead of fearing debt and inflation, major economies like the US are more concerned about trying to make lives better by achieving “social goals”. “Sovereign debt has risen to levels unimaginable a decade ago with large industrial countries exceeding red-line levels of 100 per cent of GDP.
But it warns this "scary" stance could be costly and Deutsche’s experts have major concerns about what will happen in the next few years. "An explosive growth in debt financed largely by central banks is likely to lead to higher inflation. “While it is admirable that this patience is due to the fact that the Fed’s priorities are shifting towards social goals, neglecting inflation leaves global economies sitting on a time bomb,” it said.FAMILY TRAGEDYBrit twin left fighting for life after crocodile attack WAKES from comaSTILL SPREADINGWomen who cut off their man's penis - from frying in noodles to slicing it TWICE
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