the fight against inflation

As the world economy struggled over the past year to compensate for the losses sustained due to the Covid-19 pandemic, the final weeks of 2021 threw down the gauntlet with another variant of the virus: Omicron. 

Renewed uncertainty in the markets and a further succession of price hikes have delivered stunning blows to the recovery efforts. As the year draws to a close, the world’s advanced economies are grappling with inflation rates not seen since the 1940s.

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